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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Early Views and Priorities | Strategic Review of Innovation in the Payments System: Issues for Consultation June 2011 | Consultations
7 Jun 2011
Consultations
Finally, the Board is conscious that the major banks and BPAY have been working for some time on a new, hub-based retail payments system, referred to as MAMBO.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/early-views-priorities.html
The Use of Established Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…
7 Jun 2011
Consultations
8). The largest decline in cash use was for household bills. This may reflect increased promotion by billing companies of ‘paperless’ bills, which encourages payment by electronic means, such as BPAY. ... The majority of bill payments are made by
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html
Project Scope | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
There was no support for migrating BPAY and card clearing messages to ISO 20022.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/project-scope.html
The Environment for Innovation in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for…
7 Jun 2011
Consultations
In addition, non-APCA payment systems, such as BPAY and the international card schemes operate under their own rules. ... Several hubs already operate within the Australian payments system, including the SWIFT system for clearing high-value payments and
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/environment-innovation-australian.html
ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
11 Sep 2019
Consultations
PDF
1175KB
ISO 20022, noting the rapid decline in cheque use.5. There was no support for migrating BPAY and card clearing messages to ISO 20022.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/pdf/consultation-paper.pdf
Snapshot of Consumer Payment Patterns in 2010 | Strategic Review of Innovation in the Payments System: Issues for Consultation June 2011 |…
7 Jun 2011
Consultations
Cards are the dominant payment method for mid-sized transactions, while BPAY, internet/telephone banking and cheques are important payment methods for higher-value transactions (particularly those above $500); and.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/snapshot-consumer-payment-patterns-2010.html
Strategic Issues – Payment System Design | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
The first overlay service is Osko by BPAY, which is a payment option available through participating digital banking channels, such as mobile applications and online banking, on a 24/7 basis
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-payment-system-design.html
ISO 20022 Migration for the Australian Payments System – Conclusions Paper
25 Feb 2020
Consultations
PDF
560KB
BPAY clearings. • card clearings. • RITS Low Value Settlement Service (LVSS) settlements. •
https://www.rba.gov.au/publications/consultations/202002-iso-20022-migration-for-the-australian-payments-system/pdf/iso-20022-migration-for-the-australian-payments-system-conclusions-paper.pdf