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 Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
Recent Developments in the ATM Industry
7 Dec 2017
Bulletin
– December 2017
The ATM industry in Australia is undergoing a number of changes. Use of ATMs has been declining as people use cash less often for their transactions, though the number of ATMs remains at a high level. The total amount spent on ATM fees has fallen,
https://www.rba.gov.au/publications/bulletin/2017/dec/6.html
Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
13 Jun 2023
Submissions
Financial institutions do not agree to pay fees between themselves when their customers use cheques, direct debits or direct credits for making payments; customers pay fees and charges for these payment ... Furthermore, interchange fees for debit card
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
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
The Changing Australian Retail Payments Landscape
10 Jul 2003
Bulletin
– July 2003
a). Credit. cards. Direct. credits. (b). Direct. debits. Total. Transactions per person, 2001. ... Direct entry payments, both direct debits and direct credits, are increasingly taking the place of cheques for businesses.
https://www.rba.gov.au/publications/bulletin/2003/jul/1.html
Some Features of the Australian Payments System
10 Dec 1998
Bulletin
– December 1998
Most of the rest are direct credit transfers, with direct debit accounting for only a very small proportion. ... By contrast, in the United Kingdom and France direct debits are at least as important as direct credits.
https://www.rba.gov.au/publications/bulletin/1998/dec/1.html
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions
21 Mar 2003
Submissions
As with other means of accessing a transaction account, such as cheques, direct debits and direct credits, financial institutions offering EFTPOS payment services could seek to recover their costs directly from ... Merchants will therefore be significant
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/
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
Electronic Indicators of Economic Activity
10 Jun 2012
Bulletin
– June 2012
The published RPS data include ATM cash withdrawals, eftpos transactions, credit and charge card transactions, as well as direct debits and credits, and cheques. ... The ‘Online Retail Sales Index’, produced by NAB and Quantium, estimates online
https://www.rba.gov.au/publications/bulletin/2012/jun/1.html