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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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Resource Costs of Payments

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
5.37. Direct entry. 0.13. 0.03. 0.16. 0.25. 0.41. BPAY. 0.03. 0.41. ... Of the remote payment options, direct debit is considerably less resource intensive than BPAY, debit and credit cards.
https://www.rba.gov.au/publications/rdp/2014/2014-14/resource-costs-payments.html

Appendix B: Payment Activity in the Sample

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
325. 3. BPAY. 13. 8,335. 640. 2. Total. 1,622. 218,272. 135. ... 43. 11,118. 0. 11,118. BPAY. 82. 0. 82. 89,505. 1. 89,505.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-b.html

Appendix A: Additional Detailed Results

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
0.13. 0.41. 0.75. BPAY. 0.28. 0.41. 0.03. 0.73. 1.01. Private costs. ... Source: Authors' calculations based on survey data. Table A6: Cheques and BPAY Costs.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html

Conclusion

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
BPAY and direct debit, which are electronic payment methods typically used for remote bill payments, remain the least resource intensive.
https://www.rba.gov.au/publications/rdp/2014/2014-14/conclusion.html

Appendix D: Description of Survey of SMEs

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Due to both lower rates of acceptance and low response rates to these questions, the costs for direct debit/credit and BPAY were not presented.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-d.html

Small Businesses Costs

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Cheques. 75. 0–10. 0–10. Direct debit/direct credit. 63. 0–10. 0–10. BPAY. ... 1. 30. Cheques. 1. 1. Direct debit or BPAY. 1. 2.
https://www.rba.gov.au/publications/rdp/2014/2014-14/small-businesses-costs.html

Appendix C: Costs for Consumers in Making Payments

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Per transaction, BPAY and cheque payments are estimated to be the most expensive payment instruments, at $0.60 per transaction.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-c.html

Related Literature and Scope

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
In particular, this study considers the costs associated with cash, debit and credit cards, cheques, direct debit and BPAY payments.
https://www.rba.gov.au/publications/rdp/2014/2014-14/related-literature-scope.html