Ben Fraser

Are you still typing in the BPAY Biller Code?

Are you still typing in the BPAY Biller Code?

Life’s too short to be manually typing in BPAY Biller Biller and Reference codes. Do you slice your own pizza? 

Save yourself time by scanning your bills. All you need is your mobile phone’s camera and the Sniip app. 

Once you have scanned in your first bill, you will never go back to typing. But don’t just take our word for it, test it out for yourself!

The Sniip app auto-magically captures your bill’s BPAY Biller Code and Reference Code with a single scan. Then, all you need to do is confirm your details and choose your payment method.

Here’s how you do it:

1. Tap “+” to add your bill

2. Tap “Scan” 

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3. Scan the BPAY Biller Code and Reference.

Hover your phone camera over the BPAY Biller Code and Reference Code on your bill. The camera will automatically scan in the codes to your Sniip app.

 

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4. Enter the amount you’re paying and your bill’s due date.

5. Tap “Pay”. 

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6. Select your payment method and enter your PIN or Face ID.

Done!

This is just the tip of the iceberg. Sniip has so many amazing features to make your life easier. You’ll love the ability to set reminders for bills and to save your bill history for easy access later.



Are you embarrassed by your late payment charges?

Are you embarrassed by your late payment charges?

You’re not alone. Late fees are costing Australians around $286m a year according to research from one of the big four banks. 

Some energy bills can have late fees of up to 40 percent.

But despite this, 27 percent of Australians pay at least one bill late each year.

In times like these, with unemployment up to 7.5 percent, we simply cannot afford to throw money away. 

So what’s the answer? 

Lining up at your local post office to pay your utilities bills is not only time consuming, with COVID-19, it’s less appealing than ever before.

Then there’s paying bills via internet banking. What should be easy enough tends to be a real chore. You start off your regular bill paying session with a coffee and a biscuit but after getting through a stack of bills and data-entry, you’re ready to drink something a little harder.

And let’s not forget to mention the bills you never even saw. Maybe the paper bill that never arrived, or got accidentally thrown into the bin with the latest wad of junkmail. 

Electronic bills sent by email definitely help. But why is it that most important bills end up in junk mail or spam? Or if you’re like us, you need someone to remind you to check your email regularly – both junk and spam too. 

Surely there’s a better way!? Well there is. 

There’s Sniip. 

Sniip is a Brisbane-based, Australian owned bill paying mobile app that makes bill payments super easy.

Better yet, Sniip’s bill scheduling feature helps you say goodbye to those late payments fees. 

Sniip’s m-billing (mobile billing) subscriptions means your regular bills can be sent straight to the app with push notification alerts for you when they arrive. This is in addition to any paper or electronic version you may wish to receive.

You can then pay your m-bill directly in the app with just a few clicks. Goodbye manual data entry and wrong digits! 

With Sniip, you can pay any BPAY bill. That’s right. Simply take a picture of the BPAY or Sniip code with your phone and let the Sniip app do the rest.

But our favourite feature? Bill scheduling of course! 

We’ve all paid a bill late because we’re waiting for our pay to come in, or wanted to push the bill into the next credit card cycle. There’s usually a good reason for not paying straight away, but then we often get distracted and completely forget about it.  

With Sniip, you can schedule payment for when it best suits you. As soon as you get the bill, simply schedule the bill, and then forget about it. No worries!

But don’t just take our word for it. The results speak for themselves: 90 percent of bills paid using Sniip get paid before the due date. 

That’s compared to our 63 percent national average. 

It’s time for you to start getting back those late fees? You deserve to spend your money on what you want to spend it on, and we bet it’s not late fees. 

Sign up for Sniip today and together, we’ll make your life easier and less stressful.

 

Queensland fintech startup joined BPAY is making paying bills easier

A Queensland fintech startup that’s joined BPAY is about to make paying bills easier

Sniip, a free mobile app that lets you scan bills and pay them quickly using its mobile wallet, has signed a partnership with BPAY.

Sniip’s move into BPAY is being sponsored by the Indue, the Australian-owned e-payments bank.

As a result of joining the payments platform, Sniip is increasing the number of billers accessible through its app to 45,000, and gaining access to 1.5 million more payments daily.

It’s also the first mobile payments solution outside the banking sector to join BPAY.

Sniip CEO Damien Vasta said that because BPAY aggregates every biller in Australia and Sniip aggregates every financial institution used to pay these bills, the partnership will also be “the first real change to the national bill payment landscape since the advent of BPAY itself”.

“When BPAY was introduced in 1997, its centralised online bill payment capabilities revolutionised bill payment for Australian consumers practically overnight,” he said.

“This new partnership and its bank and card-agnostic solution is designed to enhance this capability by providing Australians with a fast, simple, and seamless means to pay any bill through any bank and using any type of mobile.”

Sniip’s inclusion on BPAY puts an end to having to manually enter the biller code and reference number when paying a bill. with the app scanning it instead.

Indue CEO Derek Weatherley said several of Sniip’s enhanced features such as payment scheduling,  reminders, and receipt storage for tax and record-keeping, attracted the bank to the fintech startup.

“Sniip’s customer-centric approach to innovation is a key reason we are proud to sponsor them into the BPAY scheme, and we look forward to working together to transform Australia’s payments landscape for the good of all Australian bill-payers,” he said.

Sniip launched in Queensland in 2016 with several major billers in the state. Last year it went national when Australia Post began to offer its customers the app as a payment option.

Australia Post pilots Sniip bill-paying app to save customers time

Australia Post pilots Sniip bill-paying app to save customers time

Australia Post is pleased to be offering its customers a new choice for paying bills by piloting state-of-the-art mobile payments app, Sniip.

General Manager Payments and Financial Services at Australia Post, Deanne Keetelaar, said Sniip’s mobile payment technology means customers can pay their bills from their smartphones within seconds.

“Australia Post is very excited to be working with Sniip on this pilot project, which supports our commitment to continually improving the bill payment experience for customers,’’ Ms Keetelaar said.

“We will initially be offering our customers the ability to pay bills from selected billers using Sniip and seeing how they respond. Sniip has proven through its current billing partners that bill payers see the need for a simple user experience that is both secure and fast,” she said.

Founder and Chief Executive Officer of Sniip, Damien Vasta, said the company was excited to be working in partnership with Australia Post, introducing the new payment option via a simple scan of ‘Post Billpay’ barcodes, which currently appear on many bills.

“We see it as a great vote of confidence that Australia Post is working with us to offer Sniip as a bill payment option to its vast customer base,’’ Mr Vasta said.

Sniip offers substantial benefits to billers including cost savings compared to other payment methods, quicker payments and conversion to paperless bills via in-app push notification of bills to users.

“With Sniip now available as a payment tool, users can scan the “Post Billpay” barcodes and pay their bills within seconds, eliminating the need to enter a long account number, reference number or bank account details.

“The Sniip integration makes payments easier and safer on a mobile, allowing customers to manage their bills more efficiently in-app and reducing instances of misplaced bills, forgotten emails and late payment fees,’’ Mr Vasta said.

“We’ve already helped customers including Brisbane City Council and Queensland Urban Utilities to improve the bill payment experience for their customers and we look forward to extending this to Australia Post.”

Mr Vasta said that with an estimated 80% of Australians owning a smartphone, and people using them for almost everything they once did on a desktop, offering customers the ability to both receive and pay a bill on a mobile is simply responding to a market need.

“There is a consumer expectation that everything can be accessed on a mobile, and everything should be easy to use. Paying a bill is never pleasant, but Sniip has tried to offer customers the ability to make it happen quickly and easily,’’ Mr Vasta said.

Mr Vasta said that 88% of current Sniip users paid their bills before the due date, which is considerably higher than the national average for billers. The Australian-developed mobile payment app has been well received by the market, growing transaction volumes by 15% quarter-on-quarter since 2016.

Toowoomba Regional Council first in Australia to launch digital bill delivery using push notifications, via Sniip

Toowoomba Regional Council first in Australia to launch digital bill delivery using push notifications, via Sniip

Toowoomba Regional Council is leading Australia in digital billing, by partnering with Australia’s first bank-agnostic payments and billing app, Sniip, to launch a patented “m-billing” function that will alert ratepayers of Council rates and water bills via push notifications directly on their smartphones.

Ratepayers can opt into the function by registering for m-billing in the Sniip app, from which point they will receive future bills directly into the app via push notifications and can pay in a few simple clicks, without inputting any extra data or leaving the app.

The end-to-end paperless solution is expected to drastically reduce the Council’s overheads and carbon footprint by helping them transition seamlessly to paperless billing, shorten bill payment times across the region, and simplify bill payments for ratepayers.

“Toowoomba Council is addressing the long-standing issue of late payments, which has been an ongoing and very expensive concern for billers across Australia,” said Damien Vasta, CEO of Sniip.

“The fact that there have been so many attempts to address Australia’s billing and payments problem is testament to how much of an issue it really is. Unfortunately, many of these attempts have been incomplete and can even compound the issue.

“The confusion for customers mistaking email bills for junk mail or spam has actually increased numbers of late payments, while payers typically still need to open a PDF, go to a different website to pay, and repeatedly input large amounts of information.

“M-billing, eliminates every one of these issues. Push notifications are seen instantly and can be actioned in seconds. There’s no need to input further information after the app is set up, data is stored with bank grade security that can’t be hacked, and all payment history is stored for future reference. The key is to seamlessly integrate the bill-receiving and bill-payment functions.

“We applaud Toowoomba Regional Council for being a pioneer of this technology on behalf of their constituents ahead of every other council in Australia,” concluded Damien Vasta.

The move towards completely digital payments by the Council comes shortly after calls by Treasury to stop banks, telcos, and energy providers from negatively coercing consumers away from paper billing through punitive fees. It also comes after decades of research that highlights cash flow as a key indicator of long-term business viability and success, including the Federal Government’s Prompt Payment Protocol Paper which highlighted that 90 per cent of SME failures result from poor cash flow.

Sniip’s “scan to pay” functionality – where payers scan a QR code and pay via the app, but continue to receive paper bills – has already been rolled out for Toowoomba, Gympie Regional Council, Brisbane City Council and Queensland Urban Utilities.

However, Toowoomba Regional Council was also first to pioneer Snip’s “scan to pay” functionality in 2015, and is proud of being consistently first in Australia to break new ground in the important area of payments innovation and progression, according to General Manager Finance and Business Strategy, Arun Pratap.

“Like any Australian council, we are dedicated to serving the needs of our residents, and are constantly seeking out new ways to improve their lives, including using innovation to create more options for making payments,” said Arun Pratap.

“We understand that keeping on top of bill payments can be stressful for many Australians, who want to pay on time, but who often have so much else going on in their lives that sometimes things slip through the cracks.”

“We fully believe we’re making their lives easier by offering m-billing, while also helping the environment and reducing ratepayer-funded council overheads” concluded Arun Pratap.

Sniip revealed as finalist ‘Fintech Business of the Year’ in Optus My Business Awards 2017!

Sniip revealed as finalist ‘Fintech Business of the Year’ in Optus My Business Awards 2017!

A record number of finalists have been revealed for this year’s Optus My Business Awards, ensuring the SME community’s night of nights will be bigger than ever this year!

Hundreds of businesses across Australia have submitted their nominations for 27 categories. Judges were blown away by the calibre of many of the entries, demonstrating exceptional business leadership, impressive innovations and unwavering commitment to their respective industries and customers.

Of course not everyone can make it through to the next stage – check out who is in the running in our full list of finalists below.

Judging will now commence straight away with a select group of leaders in business and industry, taking on the difficult task of selecting winners for each category. These winners will then automatically be included as finalists for the coveted My Business – Business of the Year award.

Winners will be announced at a black-tie dinner on Friday, 10 November 2017, at the luxurious The Westin Sydney, with major sponsors including Optus, Kwik Kopy, Qantas Business Rewards and Momentum Intelligence.

Congratulations to all of our 2017 finalists and thank you to everyone who sent in their submission!

Fintech Business of the Year

Curve Securities
ezyCollect
Maestrano
MAUS Business Systems
MoneyMe Financial Group
NowInfinity
Practice Ignition
SelfWealth
Sniip
zipMoney

Brisbane City Council gets Sniip!

Brisbane City Council gets Sniip!

The Brisbane City Council (BCC) has entered into an agreement with mobile payment technology company Sniip to streamline its billing processes with rates notices about to be issued across the city.

Co-Founder and Chief Executive Officer of Sniip, Damien Vasta, said the company was excited about the new partnership with BCC which would provide a central, secure and organised way for customers to receive, view and pay bills in the mobile world.

“Brisbane City has over 450,000 homeowners and this technology allows for the best possible customer experience for its residents,’’ Mr Vasta said.

Mr Vasta said Sniip had developed a speedy and safe method for making a payment – either by scanning the circular QR code on the bill or by electing to receive a bill electronically into the Sniip app.

“Using the Sniip app on your smart phone is more secure than carrying your wallet – no-one can view your card details or make a purchase without entering your 4-digit pin.”

“Sniip provides instant payment methods as well as calendar reminders, which means people are less likely to be hit with late payment fees,’’ he said.

He said BCC welcomed Sniip for its innovation, convenience and because the world-class technology had been developed in Queensland.

“Brisbane City Council has shown its willingness to embrace innovative, home-grown proposals designed to make living in Brisbane a better experience,’’ Mr Vasta said.

“We are looking forward to working with BCC in streamlining the bill paying process for its customers.

Sniip is also working with other tiers of government and utilities companies to roll out the technology.

“We think that the BCC has cleared the path for other billers to offer Sniip as the most convenient payment option to their customers, especially those based in Queensland,” said Mr Vasta.

He said Sniip offered substantial benefits to billers including cost savings over incumbent payment methods, quicker payments and conversion to paperless bills.

“Consumers can scan and pay their bills within seconds using Sniip’s trademarked circular QR code, eliminating the need to enter a long account number or bank details or waste time paying over the phone.

“Mobile phone payments are becoming a hugely popular method of making payments to billing organisations.

“Once you’ve downloaded Sniip and created an account, you can pay a bill in seconds.”

The BCC agreement is the latest coup for Sniip which recently successfully raised $3 million in a private placement to roll out its mobile bill payment technology across Australia.

The $3 million raising managed by Integra Advisory Partners Pty Ltd has introduced a number of successful high net worth and family office investors to the register which already includes the founding CEO and CFO of Virgin Blue Brett Godfrey and Manny Gill as major shareholders along with Sniip CEO Mr Vasta.

Sniip is also pleased to announce rugby league legend Darren Lockyer as a Sniip brand ambassador and new shareholder.

Brisbane plans path to digital reform at APCS

Brisbane plans path to digital reform at APCS

Australia’s largest local government is using the Asia Pacific Cities Summit in Brisbane to harness the innovation of both local and international companies to make Brisbane the most liveable city in the world.

One of the four themes at the Summit is Digital Cities, and enabling people to make digital decisions. One such company that meets this challenge is Brisbane-based technology company Sniip, which has built a new app that allows residents to pay bills securely on their mobile phone by scanning a QR code.

Sniip is one of many companies trying to assist the way residents make payments. Sniip’s Head of Marketing Lisa Hardie said the app safely stores credit card details on the individual mobile phone with payments processed by a four digit security code after consumers scanned a trademarked circular QR code.

“It’s a credit to the Council that they are looking towards solutions to meet the surge in consumer trends that now sees 8 in 10 mobiles in Australia as smart phones and an increasing number of people wanting to pay on their mobile device,” Ms Hardie said.

“But consumers don’t want to download an app that’s been built around a bank or a credit card and they certainly don’t want to enter their credit card details into a mobile every time they make a payment”.

“The fact we now have over 90 retailers signed and we are working towards solutions for several local governments is evidence that there is benefit in combining multiple opportunities for a consumer to make a payment, easily and securely.”

Lord Mayor Graham Quirk said Sniip was another part in his journey to make Brisbane a new world city.

“Many people live increasingly busy lives and the thought of having to go to a customer service centre, make a phone call or try to enter credit card on a web page on their phone may not be everyone’s cup of tea,” he said.

“What’s important is that we offer choice and through working with technology companies like Sniip we are attempting to provide zero cost solutions to our ratepayers at a low cost to Council.”

“We have some exciting news on the horizon through further retail and government partnerships that will bring further benefit to local residents,” Ms Hardie said.

Sniip is a Queensland based company established in 2013.

Considering paperless billing? Our three must haves

Considering paperless billing? Our three must haves

So, you’ve decided to go paperless when it comes to your billing. This could mean a whole range of cost savings, environmental benefits, and added convenience for your customers.

But buyer beware – not all paperless billing solutions are created equal (email, we’re looking at you). And there’s no point ditching the paper just yet, if you haven’t worked out exactly what you’re looking for in a paperless solution.

Below are three must-haves for any paperless billing system, to make the switch worthwhile for you and your customers.

  • Integrated solution

When thinking about billing, it can be easy to forget the other side of the equation – payments. You only bill so you can get paid, so why use two different vendors for the one transaction?

If we consider email billing as a digital strategy, the break in transaction from email presentment to website payment portals often results in increased late payments or mistyped reference numbers, which that leads to paper reminder notices and higher overheads. Email is only one part of an overall digital solution that still requires the missing piece of the puzzle; an easy way for people to make payments.

Find a billing solution that is integrated with your payments solution, preferably from the same provider. This should provide a far more seamless experience for both parties to the transaction.

  • Bank card and phone agnostic

Basically everything happens from our mobile phone these days, so it makes sense that a paperless solution is designed accordingly. It’s probably also pretty safe to say that we are all still paying from a bank or credit card these days.

But on both of these fronts, there is still a wide variety of banks and phone types used by your different customers. So, your customers need to be able to pay you regardless of which bank, credit union, card provider, or mobile device they are using to do so. Go bank card and phone type agnostic, and no one will be left behind.

  • Industry agnostic

This same “agnostic” principle applies to the industries of your industries your paperless billing solution services. Because even if your customers love paying your bill using your new paperless solution, they will love it even more if they can pay ALL their bills using this same solution!

So, find a billing solution that can be used across the board, not just for your specific industry or company. You will be helping your customers fight password fatigue, and giving them a true level of convenience and value.

Three ways fintech can help your business

Three ways fintech can help your business

When it comes to new technologies for SMEs, there are now a million new ways to streamline operations, and automate the delivery of offerings.

Many of these options may depend on your industry. Accounting firms are all about the cloud these days. Legal firms are increasingly embracing “e-discovery” technologies to simplify the time-consuming discovery stage of litigation. And even your local coffee shop may now have its very own app to help customers skip the coffee queue, and order in advance.

But regardless of your industry, there is one thing all SMEs have in common: the need to maintain a healthy cash flow that allows for growth. And this is where financial technology (fintech) truly shines.

Below are several areas where fintech is helping to streamline and shore up a healthy cash flow for Australian SMEs.

  • Funding technologies

As you’re well aware, without proper funding for your business, your growth options can be pretty limited. This can affect you at various stages of your business: capital requirements when starting out, cash flow gaps during regular operations, and the need for extra capital to fund periods of high growth or seasonal demand.

But traditional lending to SMEs has a fairly dismal track record. Interest rates on SME loans are typically higher due to the challenge of pricing risk in this segment. After filling out lengthy paperwork and waiting for weeks, many SMEs often still receive a “no” from banks to their application.

But a whole host of fintech lenders have emerged in this segment, with high-tech lending platforms driven by advanced algorithms that can assess SME risk far faster and more accurately than traditional lenders. These lenders typically integrate with your accounting portal, and assess hundreds of online and social touch points to paint a clearer picture of your risk than any manual paperwork might. They also provide a decision in a matter of hours or minutes, not weeks, and can have money in your bank in a few days.

This means much more rapid funding and significantly reduced application processes – exactly what SMEs need.

  • Payment and billing technologies

When it comes to cash flow gaps, sometimes prevention is better than cure. And a serious impediment to healthy cash flow for many Australian businesses comes from late paying clients.

According to a Federal Government Department of Industry, Innovation and Science payments report, Australian SMEs lose access to a staggering $19 billion each year because of overdue payments. So, it pays to check out some of the new technologies in this area.

When assessing which billing and payments solution is right for your business, the questions you ask yourself should be designed around the ease of use for your customer. Is it mobile-centric in this day of smartphone obsession? Can every one of my customers use it, i.e. is it device type-agnostic? Does it integrate with my existing payments portal? Is it easy for customers to make the switch in the first place?

When it comes to billing, you need a technology built specifically around the needs of the customer. Because after all, they are the ones you are trying to convince to pay!

  • Budgeting technologies

There are so many different options when it comes to budgeting. In this case, it’s really a matter of finding what works best for you, your business, and your different objectives.

Many cloud accounting softwares, such as Xero and MYOB, come equipped with budgeting tools built into their systems. This is a great way to keep everything in the one spot, and potentially bring your accountant into the budgeting process.

For other business owners, individual accounting apps on their smartphones can allow them to integrate their own personal budgeting with their business budgeting. The key here is to select a technology that is going to work for you – and stick with it!