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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 Regulation and Policy Issues

28 Sep 2022 PSB Annual Report – September 2022
This service can be used as a modern alternative to the direct debit system, giving payers greater control and transparency over their recurring payments. ... Currently, some payment systems have access criteria that make it difficult for non-banks to
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html

The Evolving Retail Payments Landscape

28 Sep 2022 PSB Annual Report – September 2022
11.1. 55.0. 5,445. 1.6. 12.7. 3.2. 4.9. – Direct debits. 6.0. ... PayTo provides direct debit-like functionality, allowing consumers to pre-authorise standing arrangements for businesses to initiate fast payments from their bank accounts.
https://www.rba.gov.au/publications/annual-reports/psb/2022/the-evolving-retail-payments-landscape.html

Abbreviations

28 Sep 2022 PSB Annual Report – 2022
Clearing and settlement. DE. Direct Entry system. DLT. Distributed ledger technology. ... DNDC. Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html

About the Payments System Board

28 Sep 2022 PSB Annual Report – September 2022
expectations on issuance of dual-network debit cards and least-cost routing of debit transactions. ... Further, the Banking Department is a direct participant in the NPP, providing payments services to its government clients via the NPP.
https://www.rba.gov.au/publications/annual-reports/psb/2022/about-the-payments-system-board.html

The Evolving Retail Payments Landscape

27 Sep 2022 PSB Annual Report - 2022 PDF 564KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/the-evolving-retail-payments-landscape.pdf

Payments System Board Annual Report 2022

27 Sep 2022 PSB Annual Report - 2022 PDF 2830KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/psb-annual-report-2022.pdf

Payments System Regulation and Policy Issues

27 Sep 2022 PSB Annual Report - 2022 PDF 318KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/payments-system-regulation-and-policy-issues.pdf

Abbreviations

27 Sep 2022 PSB Annual Report - 2022 PDF 76KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/abbreviations.pdf

About the Payments System Board

27 Sep 2022 PSB Annual Report - 2022 PDF 554KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/about-the-payments-system-board.pdf

Reserve Bank of Australia Annual Report 2021 - Annual Performance Statement

30 Jun 2022 RBA Annual Report 2021 PDF 187KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/annual-performance-statement.pdf