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A comment on Australia’s new real-time banking payments platform. Parent comment

Re:Australia’s new real-time banking payments platform by SyneRyder on Tuesday February 13, 2018 @04:15AM (#16365769)
Westpac appears to be limiting it to mobile phone number, not even allowing email addresses. I'm okay with giving out an email address, but not my personal phone number that people can call & buzz me any time of day or night. I'd rather just give out my BSB / Account Number.

I'm happy to see real-time payments, though. That will make it easier to bounce money around between savings accounts at different banks, no more waiting 3 days for EFT to clear.

[1] https://www.westpac.com.au/faq/payid-what-is-it/

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Re:Australia’s new real-time banking payments platform by incompatible on Tuesday February 13, 2018 @04:24AM (#16365818)
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.
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Re:Australia’s new real-time banking payments platform by deecewan on Tuesday February 13, 2018 @10:54AM (#16368048)
They should be faster, but I doubt it.
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Re:Australia’s new real-time banking payments platform by incompatible on Tuesday February 13, 2018 @11:55PM (#16373586)
The 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.

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