![]() Ensure you enter the correct number in the correct field. You should be able to find examples of where to find your card number below. Card Numbersįrom the 23rd of August 2022 residents of some states and territories will need to verify their card number in addition to their Licence/Permit Number on their Drivers Licence. South Australian and Queensland digital driver licences are generally accepted. All going well, we will be releasing payments broadly in the next few weeks.Beem currently accepts learners permits, probationary and driver licences issued in all states and territories of Australia.īefore using your licence make sure it is still valid.įor residents in New South Wales make sure that you are using your physical drivers licence card in order to verify your identity, as your digital licence may not match what is on your physical licence. Payments in Up is currently being tested with a small customer group who’ve been given early access. ![]() We can use this understanding to enable programmatic banking, performing actions automatically like transferring a percentage of your pay to your external credit card when you get paid or rounding up your purchases to a mortgage account elsewhere. Up can start to become, over time, a smart hub to manage your money wherever it may be. In fact, by identifying your accounts at other banks Up can deliver you custom notifications, allow you to quickly transfer money to and (eventually) from those accounts and give you better insights into where your money goes. It makes sense to treat payments to these external accounts differently. We recognise, for example, that you may have accounts at other banks, either transactional in nature or for products Up doesn’t currently offer such as a credit card or mortgages. ![]() We understand not all payments are best viewed as a conversation. Up will only fall back to traditional payment methods when Osko is unavailable so you can still send cash to any account in Australia. Up has built a payment system that leverages Osko at its core to enable near immediate payments 24/7. Once that connection has been established Up will take care of the work from then on. To achieve our aim, we actually need a little help from our customers to match both sides of the conversation together - the payments you’ve made to your friend, to the payments they’ve made to you. Delivering this view in a banking app designed to work with all other banks in the country is a little trickier. But we’re getting into future roadmap territory here, let’s focus on the basics for now…Ĭreating this conversational view when you build your own payments platform such as Venmo (in the US) or the Australian analog, Beem It, is relatively straight-forward. This will make splitting bills with friends or collecting money from a group of friends for a concert much simpler than it is today. Initially we’ll support a single “conversation” between you and each of your contacts but eventually this threaded approach will allow for more than two participants. We think this view should be similar to the one you’d have in WhatsApp, iMessages or any other modern messaging platform.Ī preview of a payment thread in Up: a single place to view your activity with a friend. We think payments between you and your friends belong together, whether they are payments in or payments out. There’s no easy way to see when a friend last paid you (or you, them) let alone to use that context to inform making a new payment. Payments out are usually made by filling in a “Pay Anyone” form, with saved payees used to make completing the form faster while payments in are treated no differently to any other deposit to your account. In the meantime we wanted to provide this brief introduction into how we’ve approached payments.Īt the core of our approach is this central premise: We believe payments are a conversationīanks have traditionally represented payments as two separate halves: payments out vs payments in. We’re excited to show you our ambitious vision for what a modern payments platform can be. In the next few weeks or so we’ll be releasing version 1.0 of payments to all Up customers. ![]() The area of payments presents one of the bigger opportunities for innovation and improvement in banking, but also exerts the greatest challenge on us to remain truly forward-looking and uncompromising while maintaining compatibility with industry standards. What could a banking platform look like if was built from scratch today, freed from legacy and designed from the outset to embrace the capabilities of current technology? In an earlier post on this blog we described how one of our core aims in building Up is to explore the following question: (Already an Up customer and looking for your PayID in-app? Go to Up > Payment Settings > Up Spending) ![]()
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