What is the “Bank Services Billing Standard (BSB)”?
The BSB standard defines an electronic statement that can be sent by a Financial Institution to its wholesale customers (e.g., corporations, governments, institutions) detailing their usage of financial services and their related charges. A BSB statement includes volumes and associated charges for all billable services rendered during a billing cycle, usually one month. This standard has been developed by TWIST at the request of a corporate interest group, led by General Electric.
