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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 Board Update: August 2021 Meeting
20 Aug 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank's review of retail payments regulation, the assessment of the ASX clearing and settlement facilities against the Bank's Financial Stability Standards, payment scams, and an updated
https://www.rba.gov.au/media-releases/2021/mr-21-16.html
Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation
28 May 2021
Media Releases
At its meeting on 21 May, the Payments System Board approved a consultation on a proposed package of policy actions related to the Bank's retail payments regulation. The Bank has today released a Consultation Paper setting out the proposed policy
https://www.rba.gov.au/media-releases/2021/mr-21-08.html
Payments System Board Update: February 2021 Meeting
19 Feb 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank�s review of retail payments regulation and the Treasury review of the Australian payments system, cyber risks in the Australian payments system, operational incidents at the ASX,
https://www.rba.gov.au/media-releases/2021/mr-21-02.html
Payments System Board Update: November 2020 Meeting
20 Nov 2020
Media Releases
Today’s Payments System Board meeting discussed the Bank’s review of the retail payments regulation, Treasury’s forthcoming review of the Australian payments system, the involvement of ‘bigtech’ firms in the payments industry, the Bank’s
https://www.rba.gov.au/media-releases/2020/mr-20-30.html
Review of Retail Payments Regulation – Issues Paper
29 Nov 2019
Media Releases
The Payments System Board’s Review of Retail Payments Regulation has commenced with the release of an Issues Paper
https://www.rba.gov.au/media-releases/2019/mr-19-32.html
Payments System Board Update: August 2019 Meeting
16 Aug 2019
Media Releases
The Bank has published a media release outlining topics discussed by the Payments System Board today including: the New Payments Platform; the Assessment of ASX Clearing & Settlement facilities; ATM industry developments and Digital Identity.
https://www.rba.gov.au/media-releases/2019/mr-19-22.html
New Payments Platform: Conclusions Paper
13 Jun 2019
Media Releases
The report notes that direct access to the NPP should be open to a range of payments services providers.
https://www.rba.gov.au/media-releases/2019/mr-19-17.html
The Operation of the Interchange Standards: Conclusions and Variation of Standards
31 May 2019
Media Releases
The Reserve Bank has issued a Media Release The Operation of the Interchange Standards: Conclusions.
https://www.rba.gov.au/media-releases/2019/mr-19-14.html
Payments System Board Update: May 2019 Meeting
24 May 2019
Media Releases
Least-cost routing of debit card transactions. The Board has been supportive of dual-network debit cards because they provide convenience and choice to both consumers and merchants and can help
https://www.rba.gov.au/media-releases/2019/mr-19-13.html
Payments System Board Update: February 2019 Meeting
25 Feb 2019
Media Releases
At its meeting on Friday 22 February 2019, the Payments System Board discussed a number of issues, including the annual assessment of CME Inc., the recent default at Nasdaq Nordic, a consultation on migration to ISO20022 message formats,
https://www.rba.gov.au/media-releases/2019/mr-19-03.html