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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Appendix A: Background Information | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
BPAY was appointed to develop the first overlay service to use the NPP.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/appendix-a.html
2018 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
Overlay services’ can also make use of the basic payments infrastructure to provide additional payment services on a commercial basis, with BPAY developing Osko as the first such service.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/material-developments.html
Submissions on Consultation on ISO 20022 Migration for the Australian Payments System – Issues Paper
9 Mar 2023
Payments System Board Submissions on Consultation on ISO 20022 Migration for the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/submissions/migration-for-the-australian-payments-system/
New Payments Platform Functionality and Access: Consultation
9 Mar 2023
Overview of the New Payments Platform
https://www.rba.gov.au/payments-and-infrastructure/new-payments-platform/functionality-and-access-consultation.html
Issues | Issues for the 2007/08 Review – May 2007
9 Mar 2023
As discussed above, the Bank has not formally regulated American Express and Diners Club, or the BPAY system.
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-issues/issues.html
General Background | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Bilateral net settlement obligations arising from each separate clearing stream, including cheques, direct entry (including obligations arising from the BPAY system) and cards (ATM, EFTPOS and credit cards), are provided to
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/background.html
Appendix A: Background Information | 2019 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
d) Includes BPAY. (e) Gross value of equity trades. (f) Net value of property settlement batches; each property settlement batch may involve a number of payments. ... Low Value Settlement Service. Cheque, Direct Entry (including the BPAY system), Visa
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/appendix-a.html
Material Developments | 2015 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
The industry has chosen BPAY to provide the first commercial overlay to use the NPP infrastructure – the Initial Convenience Service (ICS).
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/material-developments.html
Background to Reforms | Reform of the EFTPOS and Visa Debit Systems in Australia: A Consultation Document – February 2005
9 Mar 2023
The two debit card systems operate alongside a number of other retail payment systems including credit and charge cards, direct credits, direct debits, BPAY, cheques and cash.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-feb05/background.html
Potential Gaps in the Payments System | Strategic Review of Innovation in the Payments System: Conclusions – June 2012
9 Mar 2023
In broad terms the BPAY system uses an approach similar to that above to allow payment to billers via a six digit biller code. ... The approach taken in this paper will inevitably draw comparisons with ‘Project MAMBO’ which was being developed by the
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/strategic-review-of-innovation-in-the-payments-system/conclusions/potential-gaps-payment-system.html