BECS definition

BECS means the Bulk Electronic Clearing System which is the system used for exchange of most electronic transactions between financial institutions in Australia and is governed by APCA.

BECS means the system known as Bulk Electronic Clearing System that has the role of managing the conduct of the exchange and settlement of bulk electronic low value direct credit and direct debit transactions in Australia.

BECS means the Bulk Electronic Clearing System.

Examples of BECS in a sentence

• The direct debit will be made through the Bulk Electronic Clearing System (BECS) from the account below.

• Accounts You should check:a) with your financial institution whether direct debiting is available from your account as direct debiting is not available through BECS on all accounts offered by financial institutions.b) your account details which you have provided to us are correct by checking them against a recentaccount statement; andc) with your financial institution before completing the Direct Debit Request if you have any queries about how to complete the Direct Debit Request.

• This debit or charge will be made through the Bulk Electronic Clearing System (BECS) from your account held at the financial institution you have nominated below and will be subject to the terms and conditions of the Direct Debit Request Service Agreement.

• Accounts You should check:a) with your financial institution whether direct debiting is available from your account as direct debiting is not available through BECS on all accounts offered by financial institutions.b) your account details which you have provided to us are correct by checking them against a recent account statement; andc) with your financial institution before completing the Direct Debit Request if you have any queries about how to complete the Direct Debit Request.

• Eligible files for acceptance by the LVSS include files containing instructions for Settlement submitted in accordance with the regulations and procedures of AusPayNet’s Australian Paper Clearing System (APCS), Bulk Electronic Clearing System (BECS) and Issuers and Acquirers Community (IAC), files resulting from Cashcard obligations, files arising from Australian Government banking requirements, and any other files approved from time to time by the RBA.

More Definitions of BECS

BECS means the bulk electronic clearing system and the standards and procedures that apply to the system, adopted by Payments NZ for the purpose of co-ordinating, facilitating and protecting:

BECS means the Bulk Electronic Clearing System that used for the exchange of most electronic transactions between financial institutions in Australia and is governed by APN;

BECS means the Bulk Electronic Clearing System as managed by the Australian Payments Clearing Association Limited.

BECS means the Bulk Electronic Clearing System used for the exchange of electronic transactions between financial institutions in Australia;

BECS means the Bulk Electronic Clearing System Framework (CS2) operated by the Australian Payments Clearing Association Limited which has the role of managing the conduct of the exchange and settlement of bulk electronic low value transactions in Australia.

BECS means an emission control strategy that is active throughout the range of torque and speed over which the engine operates, unless an Auxiliary Emission Control Strategy (AECS) is activated;

BECS means the Bulk Electronic Clearing System, which is a funds transfer system governed by the rules of the Australian Payments and Clearing Association (“APCA”) that provides for the interbank clearing of electronic entries for participating financial institutions.