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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Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
The Australian Government also makes payments using a number of other methods, including the New Payments Platform (NPP), RTGS, cheque, BPAY and prepaid cards. ... These services include direct entry, RTGS, BPAY, cheque, eftpos, cash, NPP and card-based
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
How Australians Pay: New Survey Evidence
16 Mar 2017
Bulletin
– March 2017
The Reserve Bank's 2016 Consumer Payments Survey showed that Australian consumers are increasingly using their debit or credit cards instead of paying in cash or writing cheques. While more and more small payments are being made with contactless
https://www.rba.gov.au/publications/bulletin/2017/mar/7.html
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
List of graphs
20 Sep 2005
PSB Annual Report
– 2005
Graph 6: BPAY Transactions.
https://www.rba.gov.au/publications/annual-reports/psb/2005/graphs.html
Other Regulatory Responsibilities
25 Oct 2010
PSB Annual Report
– 2010
BPAY operates a payment system for bill payments which involves a multilateral netting arrangement. ... Accordingly, BPAY applied to the Bank for approval of its netting arrangements under the Payment Systems and Netting Act.
https://www.rba.gov.au/publications/annual-reports/psb/2010/reg-response.html
Consumer Payment Behaviour in Australia
15 Jun 2023
Bulletin
– June 2023
The results of the Reserve Bank’s 2022 Consumer Payments Survey show that consumers continue to shift from using cash to electronic payment methods – a trend that was accelerated by the COVID-19 pandemic and consumers’ preference towards using
https://www.rba.gov.au/publications/bulletin/2023/jun/consumer-payment-behaviour-in-australia.html
Trends in Payments, Clearing and Settlement Systems
14 Sep 2017
PSB Annual Report
– 2017
In 2016/17, the number and value of BPAY transactions increased by 2 per cent and 8 per cent, respectively. ... Consumers and businesses use BPAY to make a range of bill payments, including for utilities, education fees and investments.
https://www.rba.gov.au/publications/annual-reports/psb/2017/trends-in-payments-clearing-and-settlement-systems.html
Abbreviations
21 Oct 2021
RBA Annual Report
– 2021
BIS. Bank for International Settlements. BPA. bulk purchase annuity. BPAY. A payments clearing organisation owned by a group of retail banks.
https://www.rba.gov.au/publications/annual-reports/rba/2021/abbreviations.html
A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
the recipient's financial institution. Examples of payment systems in Australia include cheques, debit and credit cards, BPAY and direct credits and debits. ... In the case of payments from a deposit account (such as cheques, debit cards and BPAY),
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html
Banking and Payment Services
20 Sep 2018
RBA Annual Report
– 2018
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/2018/banking-and-payment-services.html