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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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Excessive Surcharging | Review of Card Payments Regulation – May 2016 | Conclusions Paper | Submissions

9 Mar 2023
The agent would not face this risk if customers paid with a bank transfer or BPAY, for example; in the event of supplier failure, those customers would become unsecured creditors of ... The Board also notes that instances of attempted fraud are far more
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-may2016/excessive-surcharging.html

The Bank's Card System Reforms | Review of Card Payments Regulation

9 Mar 2023
regulation, such as BPAY and ATMs.
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/banks-card-system.html

Overview of the Payments Landscape | 2013 Self-assessment of the Reserve Bank of Australia – Systemically Important Payment Systems

9 Mar 2023
d) Includes BPay. (e) Gross value of equity trades. Sources: ASX; CLS; RBA. ... A similar payment system is operated by BPAY, which offers enhanced functionality for bill payments.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/principles/assessment-against-responsibilities/systemically-important/2013/overview.html

Issues for the Review | Review of Card Payments Regulation

9 Mar 2023
$2.50. $7. BPAY (>7 days before flight). Debit card/'Qantas Cash' (<7 days).
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/issues-for-review.html

Developments in the Card Payments Market | Review of Card Payments Regulation

9 Mar 2023
Graph 2. The use of cards and other electronic payment methods (such as direct debits and credits and BPAY) is gradually replacing ‘paper-based’ methods such as cheques and cash.
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/developments-card-payments-mkt.html

Responses to Issues Paper

9 Mar 2023
Submission by BPAY Pty Limited on 'Reform of Australia's payments system - Issues for the 2007/08 Review' 38.
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/responses-issues-paper.html

3. Functionality and Overlay Services | NPP Functionality and Access Consultation: Conclusions Paper

9 Mar 2023
However, as was noted earlier, BPAY is planning to expand Osko's services to include the ability to send a document with a payment and the ability to make and receive ... In this context, it was suggested that BPAY had an advantage in implementing Osko
https://www.rba.gov.au/payments-and-infrastructure/new-payments-platform/functionality-and-access-report/functionality-and-overlay-services.html

Glossary of Terms and Abbreviations | Preliminary Conclusions of the 2007/08 Review – April 2008

9 Mar 2023
APCA. Australian Payments Clearing Association. APRA. Australian Prudential Regulation Authority. BPAY. ... A payments organisation owned by a group of retail banks. Individuals who hold accounts with a BPAY participating financial institution can pay
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-pre-conclusions/glossary.html

Issues for the Review | Review of Retail Payments Regulation – Issues Paper

9 Mar 2023
Review of Retail Payments Regulation – Issues Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/issues-for-the-review.html

Introduction | Review of Card Payments Regulation – May 2016 | Conclusions Paper | Submissions

9 Mar 2023
Sources: ABS; APCA; BPAY; RBA. Footnotes. See Financial System Inquiry (1997).
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-may2016/introduction.html