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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Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
annualised basis), compared with around 120 transactions per person for the older direct entry system (including BPAY).
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
BPAY and eftpos, initiated a process to explore whether some form of cooperation or consolidation might improve efficiency and innovation. ... In December, NPPA, BPAY and eftpos jointly announced a plan to amalgamate under a new company with a single
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.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
Banking and Payment Services
12 Apr 2020
RBA Annual Report
– 2020
The Australian Government also makes payments using a number of other methods, including NPP, RTGS, cheque, BPAY and prepaid cards. ... These include direct entry, RTGS, BPAY, cheque, eftpos, cash, NPP and card-based services via the internet and phone.
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html
Banking and Payment Services
17 Oct 2019
RBA Annual Report
– 2019
The Australian Government also makes payments using a number of other payment systems, including the RTGS system, cheque, BPAY and prepaid cards. ... These include direct entry, RTGS, BPAY, cheque, eftpos, cash, card-based services via the internet and
https://www.rba.gov.au/publications/annual-reports/rba/2019/banking-and-payment-services.html
Introduction
20 Sep 2005
PSB Annual Report
– 2005
The Bank also considered the case for regulating interchange fees in the BPAY system. ... schemes. For some time, the Bank had also been encouraging BPAY to disclose publicly its interchange fees.
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html