BPay is an an Australia-wide electronic bill payment service, offered by most financial institutions. It enables consumers to pay bills to a range of businesses registered with the service via their phone banking or internet banking account. Customers use a unique Biller code for each business and an allocated reference number for their bill. Funds come out of their credit card or savings account. Payments can be made 24 hours, 7 days a week which are then processed either the same day or the next day. A similar rival scheme set up by Australia Post is called POSTbillpay.