Introduction to BPAY (Bill Payments)

BPAY is an electronic bill payment system in Australia, which enables the payments to be made through a financial institution's online, mobile or telephone banking facility to organisations which are registered as BPAY billers.

The organisations or businesses participating in BPAY are assigned with a unique biller code. When a customer receives the bills with BPAY logo, he or she will also see the unique customer reference number along with the biller code in the bill. The customer will then make the payment with the information supplied in the bill.

The customer can make the payment through channels like internet banking or phone payment. The customer can also make the payment by setting a standing order in advance.

By setting up a standing order for BPAY, Temenos Transact triggers a payment order on the execution day.

The benefits of this functionality are:

• Biller and payment verification.
• The biller verification is done in both STO and payment order, the payment verification is done in the payment order.

Click here to understand the terms and abbreviations used in this functionality.