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Australian Payments Network Limited (AusPayNet), formerly the Australian Payments Clearing Association (APCA) [1] is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia.
Clearing and settling is regulated by AusPayNet as the Bulk Electronic Clearing System (BECS). Direct entry uses the BSB and account number to identify the bank and accounts to debit and credit. Some common uses of the direct entry system include: setting up monthly direct debits to pay recurring bills such as credit card bills
For transfers using the NPP, BSB and account numbers or a payee's PayID must be given for the payee account to be credited. Electronic direct entry transactions are processed under the Bulk Electronic Clearing System (BECS) (also known as CS2) drawn up by AusPayNet. NPP transactions are processed under the NPP Regulations administered by NPP ...
The Supreme Court on Thursday revived a requirement that owners of millions of small businesses register with an arm of the Treasury Department charged with fighting money laundering and other ...
An automated clearing house (ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits .
President Donald Trump has placed holds on tens of billions of dollars in congressionally-approved spending for projects across the U.S. that range from Iowa soybean farmers adopting greener ...
The loss of a pet is felt deeply, no matter how much time you have to prepare. Putting down an elderly or ill pet is a decision that weighs heavily, and brings with second-guesses, guilt, and ...
The New Payments Platform (NPP), operated by New Payments Platform Australia Ltd (NPPA) [1] is an industry-wide payments platform for Australia. It became accessible to the general public on 13 February 2018 [2] with the introduction of PayID, an addressing capability, and Osko, [3] the first NPP overlay service, operated by BPAY.