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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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
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
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
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
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
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
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