List of tables | Payments System Board Annual Report – 2009

Payments System Board Annual Report – 2009 List of tables

Table 1: Number of Meetings
Attended by Each Member in 2008/09^(a)
Glenn Stevens	4	(4)
Philip Lowe^(b)	3	(3)
Malcolm Edey^(c)	1	(1)
John Laker	4	(4)
Joe Gersh	4	(4)
Robert McLean	4	(4)
John Poynton	3	(4)
Catherine Walter	4	(4)
(a) Figures in brackets show the number of meetings each member was eligible to attend. (b) Philip Lowe's term ended on 13 April 2009. (c) Malcolm Edey was appointed to the Board on 14 April 2009.

Table 2: Australian Non-cash Retail Payments
	2008/09			Growth, 2008/09
	Per cent of total		Average value ($)	Per cent
	Number	Value	Average value ($)	Number	Value
Cheques	6.0	10.8	4,225	−9.9	−15.2
Direct debits	10.6	35.9	8,000	5.9	1.4
Direct credits*	22.9	49.6	5,113	5.8	2.8
Debit cards	31.8	0.9	69	14.7	15.5
Credit cards	24.4	1.5	145	3.8	4.8
BPAY	4.3	1.3	714	11.6	12.5
Total	100.0	100.0	2,358	7.1	0.2
* Excludes BPAY transactions Sources: BPAY; RBA

Table 3: Non-cash Retail Payments in Selected Countries
Number per capita, 2007
	Cheques	Direct debits	Direct credits		Debit cards	*	Credit cards	†	Total
Australia	20	27	68	**	72		66		253
Belgium	1	23	84		72		9		188
Canada	39	21	31		105		67		263
France	57	46	41		97	††	na		241
Germany	1	84	63		21		4		173
Italy	7	9	19		14		9		57
Japan	1	na	11		0		na		12
Netherlands	na	72	86		98		5		261
Singapore	19	12	6		37		na		73
Sweden	<1	23	71		126		21		240
Switzerland	<1	6	85		41		17		149
United Kingdom	26	49	51		83		33		242
United States	94	34	21		100		78		327
* Includes scheme debit † Includes charge cards ** Includes BPAY †† Split between debit and credit cards not available Sources: ABS; BIS; RBA

Table 4: Interchange Fees
As at June 2009, excluding GST
Government and utility
	Credit card		Debit card
	MasterCard	Visa	MasterCard	Visa
Consumer standard	0.43%	0.55%	36.4¢	0.31%
Consumer electronic	0.43%	0.40%	9.1¢	8.0¢
Consumer chip	0.63%	0.50%	13.6¢	–
Commercial	1.15%	1.15%	36.4¢	–
Commercial chip	1.35%	–	40.9¢	–
Premium	0.95%	0.90%	–	–
Premium chip	1.15%	1.00%	–	–
VMAP^*	–	0.30%	–	–
Tiered merchants	0.34%	–	3.6¢	–
Petroleum	0.34%	–	9.1¢	–
– electronic	0.30%	30.0¢	29.1¢	8.0¢
– standard	0.30%	74.0¢	29.1¢	37.0¢
Micropayment	–	2.5¢	0.50%	2.5¢
Charity	0.00%	0.00%	0.00%	0.00%
Recurring payments	0.30%	0.40%	9.1¢	8.0¢
Quick/express payments	0.30%	0.40%	0.50%	8.0¢
Electronic incentive	–	–	–	4.0¢
Benchmark	0.50%	0.50%	12.0¢	12.0¢
* Visa Merchant Alliance Program Sources: MasterCard website; RBA; Visa website

Table 5: Credit Card Rewards Programs
Four largest banks, June 2009
	Average spending required for $100 voucher	Benefit to cardholder as a proportion of spending (%)
2003	$12,400	0.81
2004	$14,400	0.69
2005	$15,100	0.66
2006	$16,000	0.63
2007	$16,300	0.61
2008	$16,700	0.60
2009	$17,000	0.59
Sources: Banks' websites; Canstar Cannex

Table 6: RITS Throughput
	Time by which each percentage of total is settled^*
	25 per cent	50 per cent	75 per cent
Jul 06 to Jul 07	12:00	14:45	16:15
Aug 07 to 12 Sep	11:45	14:30	16:00
15 Sep 08 to Oct 08	11:30	14:00	16:00
Nov 08 to Jun 09	11:30	14:00	15:45
* Excluding payments to and from the RBA. Source: RBA

Table 7: Direct Charges – Major Networks^(a)
Per cent
	Cash withdrawal	Balance enquiry
ANZ	$2.00	$2.00
Bank of Queensland	$2.00	$2.00
BankWest	$2.00	$1.00
Cashcard	$2.00	$0.75
Cashconnect^(b)	$2.00	$1.00
Commonwealth Bank	$2.00	$2.00
Customers	$1.00 to $2.00^(c)	$1.50 to $2.00^(c)
iCash	$1.00 to $2.00^(c)	$1.00 to $2.00^(c)
NAB^(d)	$1.50	$0.50
RediATM^(e)	$1.50 to $2.00	$0 to $1.00
St. George	$2.00	$2.00
Westpac	$2.00	$2.00
(a) Data current as at 30 September. (b) Also deploys ‘branded’ ATMs for other institutions which may apply different charges. (c) Predominantly $2.00. (d) Now part of the RediATM Network. (e) At the discretion of sub-network members, but withdrawals capped at $2.00 and balance enquiries capped at $1.00. Source: RBA