APCA administers the Bulk Electronic Clearing System (BECS) for recurring electronic debit and credit payment instructions. This system co-ordinates and facilitates the exchange and settlement of bulk electronic transactions between participants.
This system is used for such payments as internet banking transactions and direct debit and direct credit instructions. Payments collected from customers' bank accounts are "direct debits" and payments sent to customers' bank accounts are "direct credits". The system is generally used for smaller day-to-day payments (typically used by businesses for regular payments to or from large numbers of their employees or customers), but is available for payments up to $100 million.
Further details on the direct entry system are available through a number of APCA publications and information materials. These include a fact sheet, brochure and guidelines to help businesses with establishing and processing direct debits.