Introduction to BPAY (Bill Payments)

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

As part of this module, before fetching the biller details, the API will first retrieve the token using the Client Id and the Client Secret fields. Once the token is retrieved, the biller code will be sent along with the token to retrieve the details.

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

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

The benefits of this module 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 module.