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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 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.
[ Parent | on HN ]
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.
[ Parent | on HN ]
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.

[ Parent | on HN ]