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).
Search Results
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
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
Payments System
4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.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
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
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
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
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