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Status Future consideration
Workspace Reckon One
Categories Banking
Created by Guest
Created on Mar 19, 2020

RELATED IDEAS

Enable payment to supplier with Payid using the banking OSKO system

People are reluctant to give bank account details. Phone and Email (and other options) are now possible

  • ADMIN RESPONSE
    Feb 27, 2023

    Update 27 Feb 2023
    B2B remains unavailable, however several of our banking partners are, in their words, "close". We will update when more information is at hand. And yes, it's been far too long - we agree.

    Update 19 March 2020
    Hi Don. The NPP (the Osko framework) is currently not B2B. We are currently working with providers (and have been for a while) to determine how we can overcome this until B2B can be delivered (the last update we had was 2 years).

    I hope we can share more news on this in the coming months.

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  • Guest
    Reply
    |     Feb 24, 2023

    I believe you can use PayID in an ABA file so I don't see how this can cost a third party anything as the ABA file is uploaded by the client direct to the client bank.

    As Desktop users we pay staff and suppliers by ABA files.

    1 reply
  • Admin
    Jason Hollis
    Reply
    |     Jan 27, 2021

    Hi Don. No we aren't, however at the moment institutions and fintechs are charging as much as 60 cents per transaction to use PayID as a third party. Unfortunately we cannot absorb that cost. As the system gathers broader acceptance we are confident this pricing will decrease. In the meantime, we are looking at other options eg user pays, or banking partnerships.

  • Guest
    Reply
    |     Jan 24, 2021

    Our Westpac business account now allows payment to mobile, email etc. Our use is not B2B but to individuals. Is Reckon only aiming at the B2B market?