BPAY® is a national bill payment service, jointly developed by Australia's
leading financial institutions. BPAY enables consumers to pay their
bills with just one contact with their own bank, credit union or building
society where it is registered with the BPAY Scheme.
Consumers make payments via their nominated financial institution's phone or
Internet banking service.
ANZ offers BPAY with a number of features that are designed to meet the needs
of our customers who are high volume or special requirement billers.
The ANZ special features include electronic delivery of remittance details,
streamlined reporting and daily bulked credits.
BPAY can also be used by billers who receive payments of a recurring nature,
typically customers who issue 100 or more invoices per week and accept
credit card payments.
BPAY provides billers with same day cleared funds (provided the payments are made before the nominated cut-off times). This can reduce dishonours and delays and accelerate cash flows.
BPAY uses lower cost electronic channels and offers biller's customers the ability to make immediate payments from their chosen financial institution enabling a reduction in collection costs.
BPAY reduces administrative costs with streamlined reconciliation and reporting through credit card and debit transaction data from payments made at all participating financial institutions can be consolidated with data from other ANZ bill pay services.
Comprehensive security and support including data integrity by checking digit/validation for customer reference numbers. Registration and enquiry support for billers and their customers is also available.
ANZ's market
leading electronic banking software
ANZ OnLine
allows you to download your BPAY payment data file each day so you can rapidly update your accounts receivable system.
If you can answer 'yes' to all of the following questions, then BPAY may be for you:
- Does your business receive more than 100
payments per month from regular customers?
- Are most of your customers consumers or
small businesses?
- Can you change your invoices to include
the following:
- a BPAY logo,
- your ANZ allocated BPAY Biller Code,
- your unique Customer Reference Number
(including a check digit) to identify the payer, and
- BPAY payment instructions
To find out more about BPAY services or to take the first steps to joining many of Australia's largest billing organisations and many hundreds of others that already enjoy the benefits of BPAY, then please enquire online via our Enquiry Form or phone 1800 660
010.
A digit appended to the end of your Customer Reference Number validates the accuracy of data entry by applying a mathematical formula to the remaining digits entered by your customer. The use of a Check Digit is necessary to maintain a high degree of data integrity, ANZ can assist you to select a suitable Check Digit routine for your business.
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