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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Box D: The New Payments Platform and Fast Settlement Service
10 Feb 2020
FSR
April 2018
PDF
588KB
https://www.rba.gov.au/publications/fsr/2018/apr/pdf/box-d.pdf
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
The Current Payments Landscape | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations
7 Jun 2011
Consultations
BPAY, internet/telephone banking and personal cheques (not shown separately in Graph 2) are important for high-value payments. ... 36. 29. MasterCard/Visa debit card. 18. 35. BPAY. 13. 24. Personal cheque.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/current-payments-landscape.html
Strategic Review of Innovation in the Payments System: Results of the Reserve Bank of Australia’s 2010 Consumer Payments Use Study - June…
30 Jun 2011
Consultations
PDF
1271KB
Strategic Review of Innovation in the Payments System
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/pdf/201106-strategic-review-innovation-results.pdf
ISO 20022 Migration for the Australian Payments System – Issues Paper
7 Apr 2019
Consultations
PDF
1644KB
A consultation paper issued by the Reserve Bank of Australia and the Australian Payments Council - April 2019
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/pdf/issues-paper.pdf
Financial Stability Review
10 Feb 2020
FSR
April 2018
PDF
2840KB
https://www.rba.gov.au/publications/fsr/2018/apr/pdf/financial-stability-review-2018-04.pdf
7. Conclusions | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations
7 Jun 2011
Consultations
BPAY, internet/telephone banking and cheques are important payment methods for higher-value payments, particularly those greater than $500, although overall cheque use continues to decline.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/conclusions.html
Strategic Issues – Scope of Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
BPAY – used for bill payments. These payments are bilaterally cleared between participating institutions through BPAY and settled periodically in multilateral batches in RITS. ... Cheques. 274.8. 3.3. Direct Debits and Credits (includes BPAY). 13,654.3.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-scope-of-migration.html
Strategic Review of Innovation in the Payments System: Issues for Consultation - June 2011
30 Jun 2011
Consultations
PDF
1163KB
Strategic Review of Innovation in the Payments System
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/pdf/201106-strategic-review-innovation-issues.pdf
Innovation Gaps in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for Consultation June…
7 Jun 2011
Consultations
The BPAY MAMBO system, which is currently under development, has been suggested as one system that might be able to provide this. ... Widely used systems such as BPAY and Direct Entry are not able to provide this functionality, while the eftpos system
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/innovation-gaps.html