Of course, the more automated it can be, the less human interaction is required, making the whole thing cheaper, I suppose POLi is meant to provide for both this level of automation,and also some assurance on the part of the receiver that the transaction has actually taken place, without waiting for 'overnight transactions'... so all we need is for the banks to start talking to eachother in realtime instead of simply nightly?
it at least 5 time a day now days, not over night.
Fund being transferred between banks, and finds appearing in your account aren't the same thing.
With ANZ moving to Systematics the realtime functionality that did exist for the last few months has now gone, hence the news stories about beneficaries now complaining that they don't get their payments until the promised date, rather than the evening before which had been occuring.
1080p: ANZ never had real time payment functionality.
ANZ payments were semi real time (as in were processed multiple times per day) since earlier in the year from a couple of other banks. This functuionality was never promoted as it ultimately disappeared with the move to Systematics.
1080p: ANZ never had real time payment functionality.
ANZ payments were semi real time (as in were processed multiple times per day) since earlier in the year from a couple of other banks. This functuionality was never promoted as it ultimately disappeared with the move to Systematics.
Why they did bother going to the effort of making their system work for multiple settlements per day when they knew it was being dumped a few months later?
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