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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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Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
an interchange Standard for the EFTPOS system;. an interchange Standard for the Visa Debit system; and. ... Collectively, these arrangements distorted the relative competitive positions of the EFTPOS and scheme debit systems.
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Payment Systems Technology and Architecture
26 Sep 2006
PSB Annual Report
– 2006
Participants who enter the system indirectly do so as a ‘customer’ of a direct participant, who then directs their messages to other direct participants. ... In Australia, the EFTPOS system, the direct credit and direct debit systems and the ATM
https://www.rba.gov.au/publications/annual-reports/psb/2006/payments-tech-arch.html
Banking and Payment Services
12 Apr 2020
RBA Annual Report
– 2020
Direct costs. 110.7. 116.9. – Indirect costs. 0.0. 0.0. Total. ... of cheques, some debit and credit cards, BPAY, ATMs and direct entry.
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.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
List of tables
25 Oct 2010
PSB Annual Report
– 2010
11.3. 4,814. 9.3. 2.3. Direct debits. 10.5. 37.5. 7,462. 7.0. 8.4. ... Direct credits. (a). 22.7. 47.0. 4,333. 6.5. 6.8. Debit cards. 33.4.
https://www.rba.gov.au/publications/annual-reports/psb/2010/tables.html
The Australian Payments System
25 Sep 2003
PSB Annual Report
– 2003
Direct debits require account holders to authorise billers to debit their accounts, usually a specified number of days after an account has been issued. ... Debit cards. (a). Credit cards. Direct credits. (b). Direct debits. Total.
https://www.rba.gov.au/publications/annual-reports/psb/2003/au-payments.html
Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
– 2010
MasterCard and Visa systems – effectively turning off the ‘credit’ button for transactions on scheme debit cards. ... an equivalent regulatory footing to the scheme debit systems now that it has a greater decision-making capacity.
https://www.rba.gov.au/publications/annual-reports/psb/2010/competition-payments.html
The Australian Payments System
1 Oct 1999
PSB Annual Report
– 1999
Direct debits have always been a relatively little-used payment instrument in Australia. ... In contrast to their reluctance on direct debits, Australians have taken to card payments with enthusiasm.
https://www.rba.gov.au/publications/annual-reports/psb/1999/payments.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
Visa debit and credit card systems; the eftpos card system; and the NPP. ... This service will provide an alternative to direct debits where customers will have greater transparency and control over their payment arrangements, and will also support the
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
Direct credits. 12.8. 55.3. 4,101. 3.5. 5.5. 4.6. 4.4. Direct debits. ... An example of this has been increasing use of automatic payment arrangements such as direct debits for household bills.
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html