Search: direct debit
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 Evolution of Payment Costs in Australia
11 Apr 2019
RDP
PDF
1298KB
On a per transaction basis, direct debit remains the lowest-cost payment instrument while cheques remain the most expensive. ... Of the remote payment options, direct debit is considerably less resource intensive than BPAY, debit and credit cards.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-14.pdf
Payments System Board Annual Report 1999 - The Australian Payments System
22 Sep 2005
PSB Annual Report
1999
PDF
986KB
https://www.rba.gov.au/publications/annual-reports/psb/1999/pdf/payments.pdf
The Changing Way We Pay: Trends in Consumer Payments
4 Feb 2015
RDP
PDF
1225KB
2 Transaction-level information about direct debits was collected in the end-of-survey. ... direct debit – where an individual gives prior authorisation to a merchant for payments to be automatically deducted from their bank account. •
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-05.pdf
How Australians Pay: Evidence from the 2016 Consumer Payments Survey
24 Jul 2017
RDP
PDF
1438KB
reflect increased use of automated payments (which include BPAY) and direct debits for bill. ... For. instance, according to the RBA’s monthly retail payment statistics, the number of direct debits and BPAY payments.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-04.pdf
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
5.4 Surcharging of card transactions 27. 5.5 Dual network debit cards 29. ... very important’ or ‘important’ that a merchant accepts debit card payments (Figure 4).
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
PDF
688KB
Reserve Bank of Australia Bulletin June Quarter 2014
https://www.rba.gov.au/publications/bulletin/2014/jun/pdf/bu-0614-7.pdf
The Changing Australian Retail Payments Landscape
10 Jul 2003
Bulletin
PDF
76KB
Table 1: Non-cash Retail Payments in Selected Countries. Cheques Debit Credit Direct Direct Totalcards(a) cards credits(b) debits. ... There has been even stronger growth in thenumber of organisations offering customersthe option of payment by direct
https://www.rba.gov.au/publications/bulletin/2003/jul/pdf/bu-0703-1.pdf
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
9 Sep 2020
RDP
PDF
1619KB
Cards 43 43 53 54 61. Debit cards 21 27 22 26 36. ... 10. 20. 30. %. 0. 10. 20. 30. %. Cash Debit cards Credit cards Other.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-06.pdf
The Role of the Payments System Board
22 Feb 2001
Bulletin
PDF
65KB
Direct debits have always been a relativelylittle-used payment instrument in Australia.Though a convenient and relatively low-costway of meeting recurring bills, the number ofdirect debit transactions per capita has ... Direct debits. A second area
https://www.rba.gov.au/publications/bulletin/1999/jul/pdf/bu-0799-2.pdf
Some Features of the Australian Payments System
22 Feb 2001
Bulletin
PDF
41KB
In debit systems,such as direct debit and cheques, theprocessing of the payment begins with thepayee’s financial institution. ... By contrast, in theUnited Kingdom and France direct debits areat least as important as direct credits.
https://www.rba.gov.au/publications/bulletin/1998/dec/pdf/bu-1298-1.pdf