ASL provides institutions access to the BPAY payments processing scheme and supports member institutions with both the clearance of BPAY payments originated in their networks but also the support of BPAY View and the sponsorship of BPAY billers.
ASL is a principal member of the BPAY scheme and sponsors participating members as associates in the scheme. ASL meets settlement liabilities for sponsored participants and clears these as part of the overall settlement arrangements for individual Members.
ASL provides its members representation within BPAY and dialogue is maintained by ASL between our Members and the BPAY scheme.
Key features of ASL's BPAY solution are:
ASL specialises in providing a range of wholesale payments services to financial institutions. ASL provides high quality, value for money and efficient service to its Members. ASL has partnerships with best of breed service suppliers to ensure that it can bring to its member clients the best solutions possible to their financial payments needs.
ASL has operated for over 20 years supporting Australian Mutual organisations, was the first non-bank to hold an Exchange Settlement Account, and has an enviable performance record. ASL is an approved deposit taking institution and is supervised by the Australian Prudential Regulation Authority.
For further information on this, or any ASL product, please contact ASL.