Back to Media & Press ReleasesMedia & Press Releases
Cuscal sponsors mortgage managers into BPAY
05th July, 2007
In February 2007, the BPAY scheme broadened access to BPAY Payer to include institutions other than APRA regulated banks, building societies and credit unions.
Phil Hurley, GM Customers – Cuscal, the leading provider of transactional banking services to mortgage managers announced that Cuscal is sponsoring its customers from this segment into these new BPAY arrangements.
BPAY is an integral part of Cuscal’s Payments offering. Cuscal process 13 million BPAY transactions per annum for over 110 customers. Cuscal has a proven capability in setting up new customers, providing valuable assistance with marketing support, training, systems and processes to ensure the efficient settlement of value and revenue for its customers.
Phil Yardy, GM Mortgage Services – Perpetual Ltd said, “The addition of this new BPAY membership category gives us the ability to offer our clients a mortgage with complete transactional features. This means the borrower can now make payments by cheque, cards, internet banking, direct debits and BPAY from their loan account.”
The new member class is an expansion of BPAY’s membership base and can only be provided though a participant Member such as Cuscal. Cuscal has the largest number of associate members that process and settle through their organization.
Andrew Arnott, General Manager - BPAY said, “The new BPAY membership category will help ensure the service, provided through a linked network of financial institutions, is accessible to all Australians. It’s all about offering a fast and simple bill paying method and offering consumers greater choices as to where and how they pay their bills.”
Ends
For further information go to www.cuscal.com.au
Cuscal Limited (Cuscal) is the leading business-to-business provider of wholesale banking and transactional banking services to specialist retail financial institutions in Australia. Currently servicing more than 150 specialist retail financial institutions, including the majority of Australian credit unions, Cuscal manages the assets of a customer base with a collective balance sheet of more than $30 billion.