Tuesday, 25. October 2016 - 01:40:47
BPAY is a service offered through financial institutions and it has fast become one of Australia's most popular bill payment services. BPAY View allows consumers to receive bills electronically, which they can then pay using BPAY. The service was designed to reduce costs for billers and to streamline bill collection services, while improving the relationship with customers. It's through over 160 participating financial institutions that billers and consumers access BPAY. Fees are paid by participating financial institutions for the BPAY services. Included are fees relating to processing costs and the BPAY membership scheme. The BPAY scheme also sets a wholesale fee, called the Capture Reimbursement Fee (CRF), for BPAY payments.