4 ms·
It's not clear to me if the BSB / Account Number or BPAY payments will be in any way affected by this new system, or if they will remain as slow as ever.
by incompatible 9y ago
It's not clear to me if the BSB / Account Number or BPAY payments will be in any way affected by this new system, or if they will remain as slow as ever.
- deecewan 9y agoThey should be faster, but I doubt it.
- incompatible 9y agoThe new payment type will be called "Osko", which can only be used with a PayID. The old payment types will apparently continue to operate the same as ever. Banks may offer smaller maximum transaction sizes for Osko, or delay the first payment to a new account by up to 24 hours, in an attempt to reduce fraud.