Australia’s New Payments Platform is coming to Big Sky
New Payments Platform
Faster, simpler, smarter payments are on the way.
Big Sky customers will soon be able to make and receive instant payments to each other using a mobile phone number, email address and in real time, 24/7 through a new fast payments service called the ‘New Payments Platform’ (NPP). It’s being rolled out across over 50 Australian financial institutions, including Big Sky. We’re proud to be one of the first financial institutions in Australia to be offering this to our members.
When you’re sending or receiving money, in most circumstances available funds will be received in less than 60 seconds, 24 hours a day, 7 days a week
Instead of remembering your account number and BSB, you’ll be able to create a PayID using just your mobile phone number or email address to identify your Big Sky account.
You’ll be able to include up to 280 characters of text with your payment to describe what it was for and who it was made to. It means you can keep a more detailed record of your payments.
When you’re making a payment using a PayID, you’ll automatically be shown the account name linked to that PayID before you approve the payment. Giving you an additional layer of security before paying someone.
There’s an easier way to make payments to anyone. Simply use their mobile number or email address.
A PayID is a smart address for real-time payments that’s easy to remember – like your mobile phone number or email address. Soon you’ll be able to register a PayID with Big Sky and link it to the bank account of your choice. When someone needs to pay you, just give them your PayID instead of your BSB and account number. Easy!
Peace of mind when you use PayID
When you use a PayID to transfer money the system will automatically show you the name of the person the PayID is registered to before you send the money. So you can be confident knowing your money is going to the right place.
Make faster, simpler and smarter payments with Osko
Osko, created by BPAY, is a new payment service that will change the way Australians pay each other.
Real-time payment is the first Osko service, released as part of the New Payments Platform (NPP). People who pay using Osko can make and receive instant payments to each other via their participating financial institutions.
Whether it’s splitting the bill at a group dinner or paying a freelancer at the end of a job, paying with Osko will mean payments are faster, easier and more certain than ever before.
Osko will be integrated seamlessly into our Internet Banking and Mobile Banking Apps, meaning you can make real-time payments 24/7.
Payments using Osko will look much the same as payments made via online banking transactions, but instead of BSB and account details, customers can use a simple identifier called a PayID to make these payments.
What’s not to love about Osko?
Faster payments across 50 institutions – and more to come
Available all day, every day – even weekends
You can use a PayID to pay and get paid with something simple like a registered mobile number or email address
It’s backed by BPAY and trusted by us
You can use 280 characters of text to send along with your payments
Watch more about Osko
Get ready for the New Payments Platform
While the New Payments Platform isn’t available just yet, you can get ready for this service to launch by making sure your mobile phone number and email address is up to date on your Big Sky internet banking. Find out more about updating your details here or, if you're not already registered for internet banking, call us today on 1300 654 321.
We’ll be in touch as soon as you can register your PayID with Big Sky.