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RBA Glossary definition for direct entry credit

direct entry credit – A pre-planned credit from one account to another.

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Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

8 May 2024 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 ... In Australia, the cheque system, the direct
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

8 May 2024 Submissions
AusPayNet develops and administers rules and standards governing payments clearing and settlement in Australia, specifically in relation to cards, cheques, direct debits and credits, and high-value payments, as well as ... When making a card payment,
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
annualised basis), compared with around 120 transactions per person for the older direct entry system (including BPAY). ... Direct participants connect to the NPP directly using their own NPP payment gateway.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.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/

Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments

8 May 2024 Submissions
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates. ... and services for all consumers, including for consumers who do not use credit cards.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html

List of tables | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions

1 Mar 2014 Submissions
Number. Value. Direct entry. 30.2. 87.4. 9.1. 15.1. Direct debits. 9.6. ... 37.8. 12.4. 17.0. Direct credits. 20.7. 49.6. 8.0. 13.9. Debit cards.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/tables.html

Background on the Australian Listed Equity Market | Financial Sector | Submissions

17 Sep 2021 Submissions
Over the past 15 years, the share accounted for by superannuation funds has increased strongly, while the share accounted for by direct household ownership has fallen. ... If new companies cannot be established to compete because there are some barriers
https://www.rba.gov.au/publications/submissions/financial-sector/background-on-the-australian-listed-equity-market-2021-09/index.html

Payments System Issues | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector | Submissions

6 Sep 1996 Submissions
The vast bulk of retail payments pass through well-established retail payment systems – cash, cheques, direct entry, credit cards, debit cards and EFTPOS. ... When security problems are overcome, the debit will be a conventional banking operation and
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/payments-system-issues.html

Competition in Banking | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector | Submissions

1 Jan 1991 Submissions
Bank credit has been more freely available since direct controls over banks' interest rates and lending volumes, were removed. ... See I.J. Macfarlane, ‘Money, Credit and the Demand for Debt’, Reserve Bank.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/competition-in-banking.html

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
Accordingly, switching debit cards usually involves changing to a new transaction account, which can be inconvenient in terms of re-establishing direct debits and credits. ... Nonetheless, it is worth making a few observations regarding interest rates on
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html