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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Developments in the Payments System
13 Sep 2007
PSB Annual Report
– 2007
In 2006/07, there were around 198 million BPAY payments processed for a total value of around $133 billion. ... At $671, the average value of a BPAY payment is relatively high, reflecting the use of the system for bill payments and funds transfers.
https://www.rba.gov.au/publications/annual-reports/psb/2007/dev-payments.html
Governor's Foreword
12 Sep 2014
PSB Annual Report
– 2014
The survey shows a decline in the use of cash and continued growth in electronic payments such as direct credit and debits, cards and BPAY.
https://www.rba.gov.au/publications/annual-reports/psb/2014/gov-foreword.html
Developments in the Payments System
11 Sep 2008
PSB Annual Report
– 2008
Growth in BPAY payments has been stronger than most other payment instruments, with the number increasing by 14 per cent, and the value by 20 per cent, over 2007/08. ... Use of BPAY tends to be concentrated in a small number of merchant categories for
https://www.rba.gov.au/publications/annual-reports/psb/2008/dev-payments.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html
7. Conclusions | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations
7 Jun 2011
Consultations
BPAY, internet/telephone banking and cheques are important payment methods for higher-value payments, particularly those greater than $500, although overall cheque use continues to decline.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/conclusions.html
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
78.7. 3,119. 4.2. 5.8. 6.1. 2.9. BPAY. 3.1. 4.2. 1,111. 2.4. ... d) Includes BPAY. (e) Values based on gross value of novated and non-novated equity trades settled through ASX Settlement.
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
Business Services
8 Sep 2005
RBA Annual Report
– 2005
The volume of over-the-counter collections increased significantly during 2004/05. The Reserve Bank also joined the BPAY system in June 2005 as a biller financial institution, preparing the way ... to offer payment collection services using the BPAY
https://www.rba.gov.au/publications/annual-reports/rba/2005/bus-serv.html
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
2. BPAY. 1. Total. 100. The charges facing billers for these different payment methods vary widely. ... 3.75. Direct debits. 0.15. BPAY. 0.60. Including merchant service fees if credit card used.
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
Strategic Review of Innovation
8 Sep 2011
PSB Annual Report
– 2011
More recently, BPAY announced that it would not be proceeding with the MAMBO project. ... BPAY, internet/telephone banking and cheques are important payment methods for higher-value payments, particularly those greater than $500, although cheque use
https://www.rba.gov.au/publications/annual-reports/psb/2011/strategic-review-innovation.html
Banking and Payments
4 Sep 2008
RBA Annual Report
– 2008
payments. The Reserve Bank also provides its government agency customers with access to a number of bill collection services, including BPAY. ,
https://www.rba.gov.au/publications/annual-reports/rba/2008/banking-payments.html