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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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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
Regulatory Developments
12 Apr 2019
FSR
– April 2019
This will allow consumers to direct businesses to transfer their data to an accredited third party. ... The BCBS is currently undertaking a quantitative impact study of banks' direct and indirect exposures to crypto-assets.
https://www.rba.gov.au/publications/fsr/2019/apr/regulatory-developments.html
The Global Financial Environment
10 Mar 2012
FSR
– March 2012
The bulk of the actions were direct capital measures, mainly retained earnings and conversion of hybrids to common equity. ... incentives for households to repay principal on their mortgages and use debit cards rather than credit cards.
https://www.rba.gov.au/publications/fsr/2012/mar/global-fin-env.html
The Australian Financial System
10 Sep 2011
FSR
– September 2011
Australian banks report little direct exposure to the euro area sovereigns regarded as being most at risk, and as at end March, none at all to Greek sovereign risk. ... RITS also settles batches of net interbank obligations. The 9.00 am batch includes
https://www.rba.gov.au/publications/fsr/2011/sep/aus-fin-sys.html
The Australian Financial System
10 Mar 2011
FSR
– March 2011
The average daily value settled in the 9.00 am batch, which includes obligations arising from the clearing of low-value retail payments (such as cheques, debit and credit card transactions ... and direct entry), increased by 12 per cent in the December
https://www.rba.gov.au/publications/fsr/2011/mar/aus-fin-sys.html
Developments in the Financial System Architecture
10 Sep 2009
FSR
– September 2009
For example, the provisions will now apply to residential investment property loans, lenders will be required to provide the consumer with information when a direct debit is dishonoured, and lenders will
https://www.rba.gov.au/publications/fsr/2009/sep/dev-fin-sys-arch.html
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
Developments in the Financial System Infrastructure
10 Sep 2005
FSR
– September 2005
Payments in the cheque, direct entry, debit and credit card, and ATM systems are also settled in RITS, but as a batch on a deferred net basis at 9.00 am
https://www.rba.gov.au/publications/fsr/2005/sep/dev-sys-infra.html
The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
These include the cheque, direct entry, debit card and ATM systems (which settle at 9.00 am on the day after payments are exchanged) as well as net settlement of equities
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
In Brief: Financial Stability Review – March 2024
22 Mar 2024
FSR
This issue of our Financial Stability Review assesses the current condition of the financial system and potential risks to financial stability.
https://www.rba.gov.au/publications/fsr/2024/mar/