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Faster, smarter, simpler payments are here!

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From today, Orange Credit Union members can access Australia’s new world class payments infrastructure.

Now members can make immediate payments between two people, 7 days a week, 24 hours a day. 

It also simplifies the way in which members address their payments. Traditionally, members have had to know their BSB and account number. With the New Payments Platform, members can register their mobile number, email address, ABN or Organisation ID and link this PayID to an account.  

Members can forget having to exchange BSB and account numbers and just share their PayID instead when they want to pay someone or be paid.

General Manager of Orange Credit Union, Paul McNamara, said “We are really excited about providing our members with a faster, smarter, simpler way to pay and get paid.The Reserve Bank of Australia has recognised the significant investment made in allowing Australians to make payments easily on a 24/7 basis. With members having immediate access to their money from these transactions we see this as an exciting development not just for our members but for our community and local economy”.

The New Payments Platform has been successfully tested by Orange Credit Union and other members of the banking industry and the service is available to members from today.

 

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