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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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2021 Assessment of the Reserve Bank Information and Transfer System

11 Sep 2023 PDF 1366KB
Assessment of the Reserve Bank. Information and Transfer System. May 2021. Contents. 1. Executive Summary 2. 2. Summary and Review of Ratings and Recommendations 4. 3. Material Developments 7. Appendix A: Background Information 14. Appendix B:
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/pdf/2021-assessment-rits.pdf

Abbreviations

9 Aug 2023 RBA Annual Report - 2022 PDF 65KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/abbreviations.pdf

Banking and Payment Services

9 Aug 2023 RBA Annual Report - 2022 PDF 351KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/banking-and-payment-services.pdf

Consumer Payment Behaviour in Australia

15 Jun 2023 Bulletin – June 2023
Thuong Nguyen and Benjamin Watson
The results of the Reserve Bank’s 2022 Consumer Payments Survey show that consumers continue to shift from using cash to electronic payment methods – a trend that was accelerated by the COVID-19 pandemic and consumers’ preference towards using
https://www.rba.gov.au/publications/bulletin/2023/jun/consumer-payment-behaviour-in-australia.html

Consumer Payment Behaviour in Australia

13 Jun 2023 Bulletin - June 2023 PDF 974KB
https://www.rba.gov.au/publications/bulletin/2023/jun/pdf/consumer-payment-behaviour-in-australia.pdf

Independent Review of the October 2022 Reserve Bank Information and Transfer System (RITS) Outage – Final 21042023

29 May 2023 PDF 4989KB
Payment participants include banks and non-banks participating in the Direct Entry, BPAY, EFTPOS, and high-value clearing streams.
https://www.rba.gov.au/payments-and-infrastructure/rits/reviews/pdf/rba-independent-review-oct-2022-rits-outage-21042023.pdf

Banking Services

9 Mar 2023
Banking Services; Registry Services; Commonwealth Government Securities Tender Information; Commonwealth Bond Facility for Small Investors
https://www.rba.gov.au/fin-services/banking.html

List of tables | Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
d) Excludes intraday repurchase agreements. (e) Includes BPAY. (f) Gross value of equity trades. ... Low Value Settlement Service. Cheque, DE (including the BPAY system) and card transactions.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/tables.html

List of tables | 2015 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
e) Includes BPay. (f) Gross value of equity trades. (g) Net value of property settlement batches; each property settlement batch may involve a number of payments. ... Low Value Settlement Service. Cheque, DE (including the BPAY system) and card
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/tables.html

List of tables | 2014 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
d) Includes BPay. (e) Gross value of equity trades. Sources: ASX; CLS; RBA. ... Low Value Settlement Service. Multilateral net batch. Cheque, DE (including the BPAY system) and card (ATM, eftpos and credit card).
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/tables.html