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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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Payments System Reform
24 Feb 2005
Media Releases
Announces that the Payments System Board decided to release draft standards for the EFTPOS and Visa Debit systems for public comment. The Board also considered the case for designating the American Express and Diners Club payments system, but
https://www.rba.gov.au/media-releases/2005/mr-05-02.html
Standard: The Setting of Interchange Fees in the Visa Debit Payment System - April 2006
26 Apr 2006
Media Release
PDF
40KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/visa-debit-interchange-standard.pdf
Standard: The 'Honour All Cards' Rule in the Visa Debit and Visa Credit Card Systems and the 'No Surcharge' Rule in the Visa Debit System - …
26 Apr 2006
Media Release
PDF
40KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/honour-all-cards-std.pdf
Interchange Fees for the MasterCard and Visa Schemes
29 Sep 2006
Media Releases
Announcement of calculation of Interchange Fee Benchmarks for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/mr-06-08.html
Payment Systems (Regulation) Act 1998, The designated VISA Debit system
7 Jul 2006
Media Release
PDF
207KB
Reform of Debit Card Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-04-gazette-notice-visa-debit-system.pdf
Reform of Card Payment Systems in Australia
9 Sep 2004
Media Releases
Announces that the RBA has designated the EFTPOS debit card payment system in Australia as a payment system under the Payment Systems (Regulation) Act 1998. Designation is the first step in the possible establishment of standards and/or an access
https://www.rba.gov.au/media-releases/2004/mr-04-08.html
Reform of the EFTPOS and Visa Debit Systems in Australia: Gazettal Notices
14 Jan 2005
Media Releases
Reform of the EFTPOS and Visa Debit Systems in Australia-Gazettal Notices
https://www.rba.gov.au/media-releases/2005/mr-05-02-gazettal-notices.html
Payments System Board Update: May 2023 Meeting
25 May 2023
Media Releases
Today’s Payments System Board meeting discussed the Bank’s targeted self-assessment of Australia's real-time gross settlement system against the relevant international standards, the pricing of New Payments Platform services, competition in the
https://www.rba.gov.au/media-releases/2023/mr-23-11.html
Visa Debit Benchmark Calculation
12 Dec 2009
Media Release
PDF
18KB
Interchange Fees for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-08-benchmark-calc-scheme-debit.pdf
Expectations for Tokenisation of Payment Cards and Storage of PANs
21 Dec 2023
Media Releases
The Bank has released a final set of expectations for the Tokenisation of Payment Cards and Storage of PANs, aimed at improving security, efficiency and competition for online card payments.
https://www.rba.gov.au/media-releases/2023/mr-23-37.html