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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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Media Releases

6 Feb 2024 Media Release
Media releases issued by RBA.
https://www.rba.gov.au/media-releases/

Reform of Debit Card Schemes in Australia

28 Nov 2005 Media Releases
Media release welcoming the Federal Court's decision concerning the RBA's designation of the EFTPOS system
https://www.rba.gov.au/media-releases/2005/mr-05-14.html

Joint Media Release: Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access

10 Oct 2000 Media Release
Joint Media Release Debit and Credit Card Schemes in Australia A Study of Interchange Fees and Access. ... aspect of the Australian payments system – the networks for ATMs, credit cards and debit cards.
https://www.rba.gov.au/media-releases/2000/jmr-rba-accc.html

Study of Interchange Fees and access in Debit and Credit Card Schemes Australian Competition and Consumer Commission and the Reserve Bank…

16 Sep 1999 Media Releases
Joint study into interchange fees for debit and credit cards, and membership criteria for credit cards
https://www.rba.gov.au/media-releases/1999/mr-99-accc.html

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

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

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

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

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