BankVic members first to take advantage of real-time payments

BankVic is proud to announce that it has successfully brought real-time payments to members in time for the industry launch of the New Payments Platform (NPP), beating many of the big banks to the punch.

BankVic members were able create a PayID and transfer money using Osko, from 2pm on Tuesday 13th February. Members are now actively making Osko transactions in near real-time.

“We’re thrilled to be bringing this innovative and valuable solution to our members, faster than most of our major competitors” said CEO Stephen Capello.“ This initiative proves once again that mutual and member-owned banks are bringing the best and most secure technology to their members, while offering great value. Our members are now off to a running start registering their PayIDs and making payments via Osko”

BankVic is part of the Indue consortium of leading banks entrusted to deliver NPP first to market in Australia with the help of technology partner, Ultradata.

BSB: 704 230