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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Payments System
4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.html
Summary
11 Feb 2020
DOCX
175KB
The market is changing as routing options for debit card payments have become available. ... 35. ANZ supports this approach and believes the development of MPS will provide the capability to address concerns surrounding the ease of cancellation or
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX
Trends in Retail Payments
2 Oct 2013
PSB Annual Report
– 2013
for direct debits) do not correspond to levels typically associated with ‘consumer’ payments. ... The share of other electronic payment methods (direct debit, direct credit and e-money transactions) remained at around 30 per cent of the number of
https://www.rba.gov.au/publications/annual-reports/psb/2013/trends-in-ret-pay.html
Reform of Debit Card Systems in Australia
20 Dec 2005
Media Releases
The Reserve Bank has gazetted a draft Access Regime for the EFTPOS system and released a Consultation Document. The proposals, together with APCA's EFTPOS Code, are designed to significantly improve access arrangements to Australia's EFTPOS system.
https://www.rba.gov.au/media-releases/2005/mr-05-16.html
Retail Payments Trends
24 Oct 2016
PSB Annual Report
– 2016
Direct Entry (DE) payments account for the bulk of the value of non-cash retail payments. ... However, there is also evidence of consumers increasingly establishing direct debit arrangements for lower-value bill payments, with the average value of direct
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-trends.html
Retail Payments Developments
9 Oct 2015
PSB Annual Report
– 2015
Debit and credit cards are the most frequently used non-cash payment methods. ... In 2014/15 growth in the value of direct debits and direct credits was slightly above the average for the past few years.
https://www.rba.gov.au/publications/annual-reports/psb/2015/retail-payments-developments.html
Changes to Statistical Tables
10 May 2024
Statistics
This revision improves the comparability of the average merchant fees data across debit card schemes. ... These data will exclude foreign bank branches. Direct credit substitutes now also includes merchant acquiring exposures.
https://www.rba.gov.au/statistics/tables/changes-to-tables.html
The Shift to Electronic Payments – Some Policy Issues
28 Mar 2023
Speech
Speech delivered by Ellis Connolly, Head of Payments Policy, AFR Banking Summit, Sydney
https://www.rba.gov.au/speeches/2023/sp-so-2023-03-28.html
Real-time Payments in Australia
3 May 2022
Speech
Speech delivered by Ellis Connolly, Head of Payments Policy Department, Opening Address to the Real Time Payments Summit 21/22, ICC, Sydney
https://www.rba.gov.au/speeches/2022/sp-so-2022-05-03.html
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
a credit card still made over half of their payments using a debit card. ... direct debits), which are recorded separately in a post-diary questionnaire (see Section 6.2).
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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