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RBA Glossary definition for direct debit

direct debit – A pre-authorised debit on the payer's bank account initiated by the recipient (payee).

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Competition and Efficiency

21 Mar 2002 PSB Annual Report – 2001
Since the Charter was published, two developments have turned the spotlight onto direct debits and the importance of consumer safeguards. ... These two developments promise a further strengthening of consumer safeguards for direct debits.

Competition and Efficiency

24 Mar 2003 PSB Annual Report – 2002
These safeguards are enshrined in the Charter for Direct Debit Customers, first published in 2000, which guarantees service levels for retail customers. ... Recently, APCA has introduced more streamlined procedures that allow customers to cancel direct

Competition and Efficiency

1 Oct 2000 PSB Annual Report – 2000
As with other means of accessing a transaction account, such as cheques, direct debits and direct credits, financial institutions offering debit card payment services could seek to recover their costs directly ... of other payment instruments,

The Role of the Payments System Board

16 Jun 1999 Speech
John Laker
Speech by John Laker to AIC Conference on ‘Australian Payments System Evolution’, Sydney

The Board's First Year

1 Oct 1999 PSB Annual Report – 1999
3.75. Direct debits. 0.15. BPAY. 0.60. Including merchant service fees if credit card used. ... To provide a basis for promoting direct debits to the Australian community, the Board would like to see the development of a Code of Conduct for direct debit

Statistical Tables

24 May 2023 Statistics
Statistical Tables. This page lists statistical tables for a range of economic and financial data produced by the Reserve Bank of Australia and other organisations. No entries found. Reserve Bank of Australia. Assets and Liabilities. Authorised

The Introduction of Same-day Settlement of Direct Entry Obligations in Australia

19 Jun 2014 Bulletin – June 2014
Sascha Fraser and Adriarne Gatty
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments


2 May 2023
A glossary of terms used on the RBA website

Changes to Statistical Tables

24 May 2023 Statistics
Table C6 ‘Cheques, Direct Entry and NPP Payments’ now contains the series ‘Total number of NPP payments’ and ‘Total value of NPP payments’. ... 13 November 2017. The table now shows merchant fees for MasterCard and Visa separately for credit

Retail Payments Trends

24 Oct 2016 PSB Annual Report – 2016
Direct Entry (DE) payments account for the bulk of the value of non-cash retail payments. ... However, there is also evidence of consumers increasingly establishing direct debit arrangements for lower-value bill payments, with the average value of direct