Using BPAY as a billing and payment collection tool is easy. Simply register as a biller with Hume Bank, then add the BPAY logo, your Biller Code and a Customer Reference Number (CRN) to every bill you send.
When a customer pays by BPAY, you’ll have the money in your account on the next Banking Business Day^, together with an electronic payment file for easy reconciliation.
Settlement occurs at the end of each Business Banking Day^. BPAY processes the file containing the payment details and sends a report to Hume Bank.
Hume will send you a customised payment information file, with everything you need to update your receivables system and keep track of payments.
^ Banking Business Day means a day on which banks in Sydney or Melbourne are able to effect settlement through the Reserve Bank of Australia.