18 July 2003 12:00am

The Reserve Bank has substantially revised and extended its statistical series on the retail payments market, with the new series published yesterday. The new series revise the coverage of data series that seek to monitor patterns of use of debit cards, credit cards, charge cards, ATM transactions and direct entry.

Due to revisions in data collection which extend the coverage from a small number of retail banks to virtually all deposit taking institutions there is now a significant series break in the new series as of January 2002.

The RBA also still does not...