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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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The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Recent Developments in the ATM Industry
7 Dec 2017
Bulletin
– December 2017
The ATM industry in Australia is undergoing a number of changes. Use of ATMs has been declining as people use cash less often for their transactions, though the number of ATMs remains at a high level. The total amount spent on ATM fees has fallen,
https://www.rba.gov.au/publications/bulletin/2017/dec/6.html
Some Features of the Australian Payments System
10 Dec 1998
Bulletin
– December 1998
Most of the rest are direct credit transfers, with direct debit accounting for only a very small proportion. ... By contrast, in the United Kingdom and France direct debits are at least as important as direct credits.
https://www.rba.gov.au/publications/bulletin/1998/dec/1.html
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
The Changing Australian Retail Payments Landscape
10 Jul 2003
Bulletin
– July 2003
a). Credit. cards. Direct. credits. (b). Direct. debits. Total. Transactions per person, 2001. ... Direct entry payments, both direct debits and direct credits, are increasingly taking the place of cheques for businesses.
https://www.rba.gov.au/publications/bulletin/2003/jul/1.html
Electronic Indicators of Economic Activity
10 Jun 2012
Bulletin
– June 2012
The published RPS data include ATM cash withdrawals, eftpos transactions, credit and charge card transactions, as well as direct debits and credits, and cheques. ... The ‘Online Retail Sales Index’, produced by NAB and Quantium, estimates online
https://www.rba.gov.au/publications/bulletin/2012/jun/1.html
June | 2023
15 Jun 2023
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/jun/
FSR Developments in the Financial System
10 Sep 2008
FSR
– September 2008
Another key element of the package is the introduction of a ‘listing and switching’ service in relation to transaction accounts, to simplify the process of identifying existing direct debit and credit ... if requested by the customer, the customer's
https://www.rba.gov.au/publications/fsr/2008/sep/dev-sys-infra.html
Transactional Banking at the RBA in Extraordinary Times
18 Jun 2020
Bulletin
– June 2020
The Reserve Bank of Australia (RBA) is the banker to the Commonwealth of Australia, supporting the Australian Government in its daily banking needs.
https://www.rba.gov.au/publications/bulletin/2020/jun/transactional-banking-at-the-rba-in-extraordinary-times.html
Domestic Regulatory Developments
8 Apr 2022
FSR
– April 2022
The direct effects on the Australian financial system have therefore been modest so far. ... These are the Mastercard debit and credit card systems, the Visa debit and credit card systems, the EFTPOS card system and the New Payments Platform.
https://www.rba.gov.au/publications/fsr/2022/apr/regulatory-developments.html