BECS governs how a range of bulk electronic transaction types are made between its Participants. BECS covers direct debits, automatic payments, bill payments and direct credits.
The BECS rules, standards and procedures set out how this clearing system works. They include timeframes for when settlement and interchange occurs, what format the payment information needs to be in, and how any processing or payment issue between banks is resolved.
BECS Participants use Settlement Before Interchange (SBI) to settle transactions and exchange payment information multiple times throughout each business day.
Bank Branch Register
Organisations use this register of New Zealand bank branches to keep their systems up to date.Read more
Find out how to become a Participant in one or more of our clearing systems.Read more
Find out how your organisation can become a Payments NZ Member.Read more