PayID allows money transfer in real time
The internet log in for Australian bank ANZ Source: AAP Image/Tracey Nearmy
Transferring money between bank accounts can be a painfully slow process that sometimes takes several days. But now, Australians have access to a new payment method that allows money to be transferred in real time. While it is faster than the existing system, it has raised questions about whether it could put people at greater risk of fraud...
Share
