pay id safe Page 22

Ah, PayID—Australia’s slick little payment alias designed to make bank transfers as painless as a Sunday drive. Is it safe? Well, it’s about as safe as your bank account itself, since PayID is just a pointer to your BSB and account number. The banks use encryption and fraud monitoring to keep the baddies at bay, but remember: no system is foolproof. Beware of scams posing as genuine requests—double-check who’s asking and never share your banking details.

• Uses bank-grade encryption
• Linked directly to your verified bank account
• Scam vigilance is your best defence

So, yes, PayID is safe—provided you keep your wits about you. For more details, check with your bank or visit ServiceCentral.