BPAY is a widely used electronic bill payment system that enables individuals and businesses to pay billers through their internet banking.
It is an efficient way for people to pay personal bill. It also allows merchants to offer an alternative payment method to customers by becoming a BPAY Biller. The bill is presented electronically to customers via an online banking interface, called BPAY View.
The BPAY platform is owned and managed by the BPAY Group.
The BPAY Scheme has a membership of 165 financial institutions. It is governed by a Board, comprising directors from each of the four shareholder banks and a management committee made up of member representatives.
Organisations become BPAY Billers through their financial institution. As a Biller, they can provide the BPAY payment details on bills issued to customers:
Payments are then made through the Payer’s financial Institution as per the diagram below:
More details can be found at www.bpaygroup.com.au
To process BPAY transactions, organisations must apply to become a member of the BPAY Scheme, and then subscribe to the products it wishes to offer. All members can offer BPAY and BPAY View.
BPAY has three types of membership:
3 All these diagrams are used with permission from the BPAY Group.