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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 Use of Established Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…

7 Jun 2011 Consultations
This covered all payments initiated by a third party, including direct debits through the direct entry system as well as automatic payments initiated on credit and scheme debit cards. ... Direct debits are widely used by consumers, with over
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html

Options for Reform | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | Consultations

6 Dec 2013 Consultations
A direct effect is likely to be that the costs of participation would be reduced for some entities. ... The Access Regime for the Visa Debit system was put in place in 2005.
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/options-reform.html

Innovation Gaps in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for Consultation June…

7 Jun 2011 Consultations
the European Payments Council chose ISO 20022 global message standards as the payment message standard for the SEPA Direct Credit (2008) and Direct Debit (2009) transfer systems. ... The Direct Credit and Direct Debit systems can be used for cross border
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/innovation-gaps.html

Appendix A – Study Methodology | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations

7 Jun 2011 Consultations
Respondents were asked about payment behaviour not captured by the payments diary, including questions on cash holding, credit card repayments and use of direct debits. ... Z – Other. (a) Participants were asked not to record: payments made for any
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/appendix-a.html

Attachment 3 | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
debit card transaction’ or ‘transaction’ means a transaction in Australia using the EFTPOS system;. ... an ‘issuer’ is a participant in the EFTPOS system that issues debit cards to its customers;.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/attachment-3.html

Strategic Issues – Scope of Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
Cheques. 274.8. 3.3. Direct Debits and Credits (includes BPAY). 13,654.3. 45.0. ... Some potential options could include:. Direct credits and debits (direct entry (DE)) clearing messaging – BECS credit and debit transaction messages could be migrated
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-scope-of-migration.html

The Current Payments Landscape | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations

7 Jun 2011 Consultations
BPAY stands out as a key method for paying household bills, although its share of these transactions is over-stated because direct debits – which are not captured in the diary – also ... The use of direct debits is analysed in more detail inFor
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/current-payments-landscape.html

Background and Potential Issues | Review of Card System Access Regimes: A Consultation Document May 2013 | Consultations

28 May 2013 Consultations
credit and debit card transactions might not be able to join the scheme. ... In addition, debit card acquiring is not defined as ‘banking business’ under the.
https://www.rba.gov.au/publications/consultations/201305-review-card-sys-access-regimes/background-potential-issues.html

Description of Data | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations

7 Jun 2011 Consultations
The end-of-study questionnaire was significantly expanded in the 2010 Study. This questionnaire had three aims: to capture information about the use of automatic payments (direct debits) that are difficult ... surcharge or an ATM direct charge; and to
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/description-data.html

Glossary | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
BECS. Bulk Electronic Clearing System. This clearing system is administered by AusPayNet and is used for exchange of direct credit and direct debit payments. ... eftpos. Electronic funds transfer at point of sale. The eftpos system is a domestic debit
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/glossary.html