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RBA Glossary definition for BECS

BECS – Bulk Electronic Clearing System operated by Australian Payments Network (AusPayNet)

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A Strategic Plan for the Payments System

6 Jun 2023 Submissions PDF 539KB
relied on by businesses and governments. However, BECS has various technical limitations that reflect. ... decisions between all key stakeholders on a plan for the future of BECS.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf