Search: direct debit
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.
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
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,
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
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
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html
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
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
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
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-trends.html
Retail Payments Developments
9 Oct 2015
PSB Annual Report
– 2015
Debit and credit cards are the most frequently used non-cash payment methods. ... In 2014/15 growth in the value of direct debits and direct credits was slightly above the average for the past few years.
https://www.rba.gov.au/publications/annual-reports/psb/2015/retail-payments-developments.html
Trends in Retail Payments
2 Oct 2013
PSB Annual Report
– 2013
for direct debits) do not correspond to levels typically associated with ‘consumer’ payments. ... The share of other electronic payment methods (direct debit, direct credit and e-money transactions) remained at around 30 per cent of the number of
https://www.rba.gov.au/publications/annual-reports/psb/2013/trends-in-ret-pay.html
Payments System Board Annual Report 1999 - The Australian Payments System
22 Sep 2005
PSB Annual Report
1999
PDF
986KB
https://www.rba.gov.au/publications/annual-reports/psb/1999/pdf/payments.pdf
Trends in Retail Payments
12 Sep 2014
PSB Annual Report
– 2014
Use of all the main electronic forms of payment increased, with debit card transactions and the number of direct debits growing particularly strongly in 2013/14. ... Australia). The share of other electronic payments (direct debits and direct credits)
https://www.rba.gov.au/publications/annual-reports/psb/2014/trends-in-ret-pay.html
Trends in the Australian Payments System
26 Sep 2006
PSB Annual Report
– 2006
There has also been very strong growth in the use of debit cards and direct debits. ... Direct debits on the other hand involve a payer providing an ongoing authorisation to another party to request a debit to his or her account.
https://www.rba.gov.au/publications/annual-reports/psb/2006/au-payments.html