Australia’s new real-time banking payments platform

Post by woobar » Tue, Feb 13, 2018, 7:03 PM UTC

alkonaut wrote: post #177

woobar wrote: post #171

Earlier quoted context omitted.

I am still confused, can't the restaurant personnel take care of this? In my life wait stuff is capable of parsing following requests: - bring me my check, pls - bring me the check, pls. And I pay for these two bozos (out of a bigger group) - I'll cover everyone today. - split it x-ways, pls. Why do I need to add an extra step to consolidate the bill afterwards?

They will do that, but it's cumbersome I think, especially if you had a large group ordering a lot of different things. And even more so if there was drinking involved. Now I just charge it to my card, snap a pic with my phone of the receipt and send to everyone at the table, and they can just swish the money over the next day or on the train home when they have time to deal with it. Keeps the accounting out of a fun…

Post by alkonaut » Tue, Feb 13, 2018, 7:20 PM UTC

woobar wrote: post #201

alkonaut wrote: post #177

Earlier quoted context omitted.

They will do that, but it's cumbersome I think, especially if you had a large group ordering a lot of different things. And even more so if there was drinking involved. Now I just charge it to my card, snap a pic with my phone of the receipt and send to everyone at the table, and they can just swish the money over the next day or on the train home when they have time to deal with it. Keeps the accounting out of a fun…

But they are supposed to account for your orders and not just bill you out of thin air, right? So what is so cumbersome of keeping track of the orders. It is literally biggest part of their job - taking an order and remembering correctly who ordered what.

Post by corford » Tue, Feb 13, 2018, 7:45 PM UTC

newhere420 wrote: post #111

mstibbard wrote: post #93

Earlier quoted context omitted.

This is not exhaustive but it is what comes to mind. * Paper still required for most proof of identity/address etc. Particularly annoying almost all providers are pushing customers to move to online statements but then opening any new accounts still require paper * Wet signatures still considered king/stronger than other forms of identification. This has caused me issues as I barely ever need to sign and hence my sig…

Setting up accounts for the first time is a pain here, but most natives do that when they're a child. Once you already have one account, setting up subsequent accounts with other banks is much easier. Personally it has never been a problem, but I know several non-natives who had extreme difficulty. My understanding is this is largely due to very tight regulations that have been placed on the banks to verify identity…

Post by alkonaut » Tue, Feb 13, 2018, 8:21 PM UTC

optimuspaul wrote: post #204

alkonaut wrote: post #203

Earlier quoted context omitted.

Perhaps, but if I said to staff we wanted to pay individually, he’d simply ask everyone “ok what on this receipt did YOU have?”. They might have a vague idea since they took the orders earlier, but it would still be a slow and cumbersome process. I think even paying in the simplest and quickest way possible (all on one card) is more of a hassle than I’d like. So yes, the staff can do it. But I don’t mind summing up m…

Do you think they just do this all in their heads? It's not cumbersome at all, they have POS systems that track individuals at tables, not whole tickets. The server inputs for the table as well as which chair they are sitting in. Then it is very easy to split a ticket in a variety of ways. I think you are complicating the process in your mind or you frequent places that don't use technology.

Post by bmon » Tue, Feb 13, 2018, 8:30 PM UTC

idonotknowwhy wrote: post #187

djsumdog wrote: post #158

Even before this, Australia still had direct person-to-person transfers. They'd just take a day, and required an account number and name. I've written about this before, but American is terribly far behind on this: https://penguindreams.org/blog/the-american-banking-system-i... The closest thing we have in the US is Zelle, which is not a government mandated standard (like ACH) but a private standard created by banks…

Aussie here. I never knew that the U.S lacked this. We've had this feature for decades. Within the same bank, it's instant. Inter-bank it can happen the same day depending on the banks involved and when they run their batch processing. I always considered this a primitive system for not being instant.