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
Glossary of Terms and Abbreviations
1 Oct 1999
PSB Annual Report
– 1999
Australian Securities and Investments Commission. ATM. Automated Teller Machine. BPAY. an electronic bill payment service owned by a consortium of banks, allowing payers to issue payment instructions via telephone or the
https://www.rba.gov.au/publications/annual-reports/psb/1999/glossary.html
The Board's Decisions and Reserve Bank Reports
20 Sep 2005
PSB Annual Report
– 2005
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/2005/board-decisions.html
Reform of the Australian Payments System
11 Nov 2004
PSB Annual Report
– 2004
In Australia, interchange fees currently exist in the credit card, debit card and BPay payment systems (Graph 2). ... In BPay, the fee is paid by the merchant's bank to the payer's bank.
https://www.rba.gov.au/publications/annual-reports/psb/2004/reform.html
Trends in Mobile Payments in Developing and Advanced Economies
22 Mar 2013
Bulletin
– March 2013
As mobile phones have become commonplace throughout the world there has been an increasing focus on their potential use for making payments. Adoption of mobile payments in developing economies has occurred well ahead of that in advanced economies,
https://www.rba.gov.au/publications/bulletin/2013/mar/8.html
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