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.
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The Board's Announcements and Reserve Bank Reports
25 Oct 2010
PSB Annual Report
– 2010
for scheme debit interchange fees; and to give in principle approval to BPAY's application for approval of the multilateral netting arrangement administered by it under section 12 of the Payment
https://www.rba.gov.au/publications/annual-reports/psb/2010/board-decisions.html
Review of the Payments System Reforms
13 Sep 2007
PSB Annual Report
– 2007
debit cards, EFTPOS, cheques, direct entry and BPAY. ... In total, around 260 businesses participated. Finally, the Bank has gathered detailed information from a number of financial institutions on transactions undertaken on debit and credit cards,
https://www.rba.gov.au/publications/annual-reports/psb/2007/review-payments.html
Banking and Payment Services
16 Oct 2015
RBA Annual Report
– 2015
This includes obligations arising from payments exchanged through low-value clearing systems for cheques, debit and credit cards, BPAY and direct entry transactions. ... Obligations arising from cheques, BPAY and retail card transactions, except those
https://www.rba.gov.au/publications/annual-reports/rba/2015/banking-and-payment-services.html
Innovation and Governance of Payment Systems
10 Oct 2005
Bulletin
– October 2005
In Australia, the EFTPOS system, the cheque system, the ATM system and the direct credit and debit systems all operate on a bilateral basis, while the credit card and BPay systems
https://www.rba.gov.au/publications/bulletin/2005/oct/6.html
The Evolving Retail Payments Landscape
28 Sep 2022
PSB Annual Report
– September 2022
22.7. 4,159. 6.6. 13.1. 8.9. 3.1. BPAY. 2.3. 3.0. 1,424. 0.3.
https://www.rba.gov.au/publications/annual-reports/psb/2022/the-evolving-retail-payments-landscape.html
Electronic Indicators of Economic Activity
10 Jun 2012
Bulletin
– June 2012
The ‘Online Retail Sales Index’, produced by NAB and Quantium, estimates online retail spending, based on an analysis of credit and debit card transactions, as well as BPAY, direct debit and
https://www.rba.gov.au/publications/bulletin/2012/jun/1.html
The Board's Decisions and Reserve Bank Reports
26 Sep 2006
PSB Annual Report
– 2006
Media Release 2005-07, ‘Payments System Reform’ (Announcing outcomes from the Payments System Board meeting on regulation of BPAY, publication of credit and charge card market share data, EFTPOS access reform ... draft access regime for Visa Debit,
https://www.rba.gov.au/publications/annual-reports/psb/2006/board-decisions.html
Developments in the Retail Payments System
2 Oct 2009
PSB Annual Report
– 2009
The recent trend in card payments – towards debit and away from credit – accelerated in 2008/09 and the use of BPAY also continued to grow strongly. ... The use of BPAY also continued to grow strongly, although at a slower pace than in the previous
https://www.rba.gov.au/publications/annual-reports/psb/2009/dev-payments.html
Banking and Payment Services
25 Sep 2017
RBA Annual Report
– 2017
The Australian Government also makes payments by the real-time gross settlement (RTGS) system, cheque, BPAY and prepaid cards. ... These include direct entry, RTGS, BPAY, cheque, eftpos, cash and card-based services via the internet and phone.
https://www.rba.gov.au/publications/annual-reports/rba/2017/banking-and-payment-services.html
Trends in the Australian Payments System
26 Sep 2006
PSB Annual Report
– 2006
A more recent addition to the range of electronic payments is BPAY which was developed by a consortium of banks specifically to handle electronic bill payments. ... Around 14 million bills worth $9 billion are paid each month using BPAY, more than the
https://www.rba.gov.au/publications/annual-reports/psb/2006/au-payments.html