Search: BPAY
RBA Glossary definition for BPAY
BPAY – BPAY is a payments clearing organisation owned by a group of retail banks. Individuals who hold accounts with a BPAY participating financial institution can pay billing organisations which participate in BPAY, using account transfers initiated by phone or internet. The transfers may be from savings, cheque or credit card accounts.
Search Results
Box D: The New Payments Platform and Fast Settlement Service
10 Apr 2018
FSR
– April 2018
Footnotes. The first overlay service, Osko, was developed by BPAY. It allows customers of participating financial institutions to make payments in under a minute through their financial institutions' mobile or internet
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html