Account means your account with us.
Account details means our record of your Account containing Account details including BSB, account number, account name, your full legal account name, any other name you prefer us to use and Account activity.
Confirmation of Payee service means the service which enables you to confirm the account name of the BSB and account number you want to make a payment to.
NPP means the New Payments Platform operated by NPP Australia Limited.
NPP Payments means electronic payments cleared and settled by participating financial institutions via the NPP.
Privacy Law means the Privacy Act 1988 (Cth) and regulations made under the act.
we, us and our means Zai Australia Pty. Ltd (ABN 96 637 632645).
you and your means the Account holder, whether that be an individual
1) The Confirmation of Payee service allows you to confirm the account name of the BSB and account number you want to make a payment to.
Conducting a Confirmation of Payee Lookup
2) For a payment using a BSB and account number, it is your responsibility to ensure the BSB and account number you want to pay to is correct. The Confirmation of Payee Service may provide you with a view on the likelihood that the account name you enter matches the account. If the Confirmation of Payee Service response indicates that the details do not look right, you should check the account details with the intended recipient before proceeding with the payment.
3) You must not misuse the Confirmation of Payee Service in breach of these terms and conditions. We may limit or suspend your use if we believe it is reasonably necessary to protect you or us from possible fraudulent activity, scams or other activities that might cause you or us to lose money.
Privacy
4) We will ensure your Account details are accurately recorded by us for the use of the Confirmation of Payee service.
5) You acknowledge and authorise:
5.1) us to use and disclose your Account details in the Confirmation of Payee service; and
5.2) payers’ financial institutions to use your Account details for the purposes of the Confirmation of Payee service and prior to making payments to you.
6) To the extent your Account details and the use of your Account details constitutes disclosure, storage and use of your personal information within the meaning of the Privacy Law, you acknowledge and agree that you consent to that disclosure, storage and use.
7) You may opt-out of the Confirmation of Payee service in some circumstances. Please contact Zai Support at: support@zaipayments.com
8) Notwithstanding opt-out of the Confirmation of Payee service, you acknowledge and authorise us to confirm, disclose, store and use your Account details through the Confirmation of Payee service to government agencies for the purposes of making a payment to you by government agencies.
9) You may provide alternative names to be recorded on your Account in some circumstances. Please contact Zai Support at: support@zaipayments.com