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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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