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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Payment System Reform
1 Jun 2005
Media Releases
At its meeting on 20 May, the Payments System Board considered the public interest cases for regulating the BPAY payment system and for publication of the market shares of the various credit and charge card schemes. The Board also considered recent
https://www.rba.gov.au/media-releases/2005/mr-05-07.html
Payment System Reform
20 Jul 2005
Media Releases
The Reserve Bank has released for public comment a draft revised standard for the setting of credit card interchange fees, which would mean the establishment of a common benchmark rather than scheme-specific benchmarks for the Bankcard, MasterCard
https://www.rba.gov.au/media-releases/2005/mr-05-08.html
Payments System Board Update: May 2021 Meeting
21 May 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank's review of retail payments regulation, the annual assessment of Australia's real-time gross settlement system, regulatory reforms for financial market infrastructures, initiatives
https://www.rba.gov.au/media-releases/2021/mr-21-07.html
Payments System Issues
27 Nov 2009
Media Releases
At its meeting on 23 November 2009, the Payments System Board decided to amend the EFTPOS interchange fee Standard to make the regulation of EFTPOS interchange fees more consistent with that for scheme debit interchange fees
https://www.rba.gov.au/media-releases/2009/mr-09-27.html