New posts

Reply to thread

Message

Sounds as if it is using Osko. Allows real time payments from one bank to another. Runs on the back of BPay. Have sent funds on a Sunday morning to a bank I don't use and the recipient confirmed it was received in a couple of minutes. In my case, the bank has a limit of $1,000 per day in Osko payments.

I have a scheduled recurring payment set up to transfer via EFT a weekly amount to an account at a separate bank attached to the debit card I use. Not worried about security aspects really as the debit card has the facility to block its use for online transactions (tried it and the block worked,) use overseas or for gambling (I don't gamble.) I can even remove the contactless payment so not only does the card have to be present but the PIN must be used.

That debit card is in a digital wallet and, apart from one occasion, I've not had any issues even when the amount is above $100 (wasn't required to enter PIN). The one occasion was the EFTPOS terminal wouldn't read but it was fine when I used the physical card.

Still use cash for minor purchases such as a coffee or a bite to eat but most of my transactions are digital now.

<blockquote data-quote="Bellcose" data-source="post: 1288246" data-attributes="member: 90277">Sounds as if it is using Osko.&nbsp; Allows real time payments from one bank to another.&nbsp; Runs on the back of BPay.&nbsp; Have sent funds on a Sunday morning to a bank I don&#039;t use and the recipient confirmed it was received in a couple of minutes.&nbsp; In my case, the bank has a limit of $1,000 per day in Osko payments.I have a scheduled recurring payment set up to transfer via EFT a weekly amount to an account at a separate bank attached to the debit card I use.&nbsp; Not worried about security aspects really as the debit card has the facility to block its use for online transactions (tried it and the block worked,) use overseas or for gambling (I don&#039;t gamble.) I can even remove the contactless payment so not only does the card have to be present but the PIN must be used.That debit card is in a digital wallet and, apart from one occasion, I&#039;ve not had any issues even when the amount is above $100 (wasn&#039;t required to enter PIN).&nbsp; The one occasion was the EFTPOS terminal wouldn&#039;t read but it was fine when I used the physical card.Still use cash for minor purchases such as a coffee or a bite to eat but most of my transactions are digital now.</blockquote>

[QUOTE="Bellcose, post: 1288246, member: 90277"] Sounds as if it is using Osko. Allows real time payments from one bank to another. Runs on the back of BPay. Have sent funds on a Sunday morning to a bank I don't use and the recipient confirmed it was received in a couple of minutes. In my case, the bank has a limit of $1,000 per day in Osko payments. I have a scheduled recurring payment set up to transfer via EFT a weekly amount to an account at a separate bank attached to the debit card I use. Not worried about security aspects really as the debit card has the facility to block its use for online transactions (tried it and the block worked,) use overseas or for gambling (I don't gamble.) I can even remove the contactless payment so not only does the card have to be present but the PIN must be used. That debit card is in a digital wallet and, apart from one occasion, I've not had any issues even when the amount is above $100 (wasn't required to enter PIN). The one occasion was the EFTPOS terminal wouldn't read but it was fine when I used the physical card. Still use cash for minor purchases such as a coffee or a bite to eat but most of my transactions are digital now. [/QUOTE]

Verification