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Fast Payments - a faster way to pay and be paid!

How it Works

Fast Payments is coming soon. It will allow you to pay friends, family and businesses across participating financial institutions, 24/7, 365 days of the year. Whether you're paying a babysitter, splitting a bill, settling up with a tradie or sending funds to family for something urgent - the money will be there in seconds, and it's free.

 

You gotta love real time payments!

 

 

 

 

Speed
You'll be able to make and receive payments in real time... 24/7, 365 days a year.

Less to Remember
You'll be able to use a mobile number, email address, or an ABN to identify your accounts rather than relying solely on a BSB and account number. You can still use account name, number and BSB if preferred.

Detailed Descriptions
With 280 characters of text available to include with your payment, it's even easier to describe what it was for and who it was made to.
It means you can keep a more detailed record of your payments.

Secure
When you transfer money using your PayID, you'll receive confirmation that it's going to the right place. Payments can only be authorised within online or mobile banking and the platform is backed by the financial services sector and Reserve Bank of Australia.

 

 

Prepare for PayID... coming sooner than you think!

PayID will be available very soon. Before you see an option to register for PayID, you'll need to register for One Time Password. You can check in Security Options in HandyNet.

TIP: You'll know if you've already set up for One Time Password if you receive an SMS code when you're creating a new payee. If you do, you can skip step 1. If you're not sure, check out step 1 Set Up Security Options.

 

Make sure you've set up your Security Options to be automatically in the draw to WIN an 128GB iPad valued at $799!*

Prepare for Fast Payments by setting up your Security Options and registering for One Time Password authentication - see step 1 below.

After you’ve registered for One Time Password, you will receive a code on your mobile phone when paying a new payee, making a fast payment or changing contact details.

One Time Password will soon become mandatory, so make your changes now. As an incentive, you will automatically be placed in the draw to win an iPad 6th Generation*.

 

Here's how you can set up your Security Options and Create your PayID!

Note: PayID will be available soon, please prepare by completing step 1.

 

 

 

 

Set Up Security Options
You may have already set up your security options. If not, you can do this in HandyNet (online banking) under Services & Help. This will enable you to receive SMS codes to verify transactions.

Create your PayID
Get set for real time payments by creating your PayID in HandyNet via My Preferences > Manage PayID. Use your mobile number or email address as your PayID and choose which account it links to.

Share your PayID
Share your PayID with family, friends and businesses to start receiving Fast Payments.

 

If I have a business can I create a PayID and send Fast Payments?

Yes you can. Speak to your local branch and they'll set it up for you.

 

  Additional Information

 

*ONLINE SECURITY COMPETITION - TERMS & CONDITIONS
Information on how to enter and the prize form part of these conditions of entry. Employees, consultants, directors and the immediate families of employees, consultants and directors of Horizon Credit Union Limited and businesses and companies participating in this promotion are not eligible to enter. Business members are ineligible to enter. Entries are made automatically when if a member has registered for one time password either before the competition dates or during. This competition commences 4 July 2018 and closes 5pm 31 August 2018. The draw will occur at 11am on Tuesday 4 September 2018 in Wollongong at the office of Horizon Credit Union from all eligible entries. The winner will be drawn randomly. The draw will be witnessed by an impartial person. The judge’s decision will be final on all matters relating to this promotion and no correspondence will be entered into. The winner will be notified by mail or by telephone. The outcome of the draw will be posted on Horizon’s Facebook. There is one prize valued at $799. The prize is an iPad 6th Generation 128Gb. The promoter is Horizon Credit Union Ltd, 27 Stewart Street Wollongong NSW 2500 ABN 66 087 650 173 AFSL 240573 Ph: (02) 4224 7700