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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The Evolution and Regulation of the Payments System
13 Apr 2006
Bulletin
PDF
74KB
Address by Dr Philip Lowe, Assistant Governor (Financial System), to Payments System Conference 2006, Melbourne Business School, Melbourne, 14 March 2006
https://www.rba.gov.au/publications/bulletin/2006/apr/pdf/bu-0406-3.pdf
Innovation and Governance of Payment Systems
18 Oct 2005
Bulletin
PDF
71KB
Address by Assistant Governor (Financial System) to Banktech.05 Conference 16 September 2005 Sydney
https://www.rba.gov.au/publications/bulletin/2005/oct/pdf/bu-1005-6.pdf
Innovation and Governance of Payment Systems
10 Oct 2005
Bulletin
– October 2005
In Australia, the EFTPOS system, the cheque system, the ATM system and the direct credit and debit systems all operate on a bilateral basis, while the credit card and BPay systems
https://www.rba.gov.au/publications/bulletin/2005/oct/6.html