BillPay is an electronic payment scheme accessible through BSP Telephone Banking and BSP Online Banking. The system enables customers to make payments to their accounts held by Billers (organisations registered with the BillPay Scheme) from their designated BSP accounts. To make payments, customers simply select their BSP account and enter the reference number (account number held with the Biller). The BillPay Biller’s account held with BSP is credited automatically and a record of payments, stating the account numbers for payment, are sent to the Biller the following day for reconciliation.