- PayDay News
- Topics
- RBA
RBA
Analysis the deals with the Reserve Bank of Australia
IPF urges immediate action to protect critical payments following damning BECS migration assessment
The payments industry must take immediate steps to protect and regulate fees on critical payments like wages, superannuation, health, welfare and pensions that are being migrated from the aging Bulk Electronic Clearing System (BECS), according to a new report by Independent Payments Forum Australia (IPF).
RBA not happy with BECS migration - wants better data on risks and end user costs
The Reserve Bank of Australia (RBA) has reiterated its concern about industry progress on decommissioning a platform that currently manages a range of Australia’s critical payments including social security, motor cars, salaries, pensions and bills.
AP+ ramps up urgency around NPP transition with industry-wide initiative
With the 2030 deadline for the BECS shutdown rapidly approaching, Australian Payments Plus (AP+) has established an industry-wide steering committee to provide oversight and governance in the transition to New Payments Platform (NPP).
Bullock says cash and bank branches are community service obligations but suggests the RBA may sweeten the deal
Reserve Bank of Australia Governor Michele Bullock says providing customers access to cash and bank branches are community service obligations expected of banks but the RBA is considering ways to ease the burden.
