Availability of Payment Services

Payment Service

{highlight-column}

Service availability % {highlight-column}

Significant outages due to problems at Virgin Money

(in hours:minutes) {highlight-column}

Significant outages due to problems at system-wide infrastructure or natural disasters

(in hours:minutes) {highlight-column}

N/A

N/A

N/A

N/A

N/A

N/A

100:00

0:00

0:00

N/A

N/A

N/A

100:00

0:00

0:00

100:00

0:00

0:00

100:00

0:00

0:00

Service availability{highlight-row}

The actual amount of time that the service is not experiencing a significant outage, as a proportion of the amount of time during which the service was planned to be available in the quarter. Planned available time excludes planned outages (e.g. for system maintenance).

Significant outage{highlight-row}

Unplanned unavailability of a service that meets minimum thresholds for duration and the proportion of customers affected.

System-wide infrastructures{highlight-row}

Includes payment systems provided by the RBA, card schemes and other central payment system infrastructure; electricity network; and provider of telecommunications network links to Virgin Money’s operating or data centres.

Withdraw/deposit cash at ATM{highlight-row}

Not applicable

Transact over-the-counter at a branch{highlight-row}

Not applicable

Make card payments (cardholders){highlight-row}

Ability to use a Virgin Money branded debit, prepaid or credit card to make a payment either in-store, on a mobile device (e.g. through an app) or online.Outages exclude problems with the business’ payments acceptance device or payments provider, or a customer’s mobile device.

Accept card payments (businesses){highlight-row}

Not applicable

Access accounts using online banking (web browser or mobile device app){highlight-row}

Ability to log in, transfer between own accounts at Virgin Money, initiate payments and/or view accurate and up to date account information. Excludes the ability to process payments, which is covered in ‘make/receive account transfers - fast payments’ and ‘make/receive account transfers - next business day’.

Make/receive account transfers – fast payments{highlight-row}

Ability of Virgin Money to process fast bank account transfers. This includes account-toaccount transfers (Pay Anyone) to a PayID, and other one-off or scheduled payments (for example, direct debits and payroll payments by businesses) made through NPP/Osko. Outages exclude the inability for customers to initiate transfers due to unavailability of web or app banking channels, or a branch.

Make/receive account transfers – next business day{highlight-row}

Ability of Virgin Money to process bank account transfers, with funds becoming available to the recipient on the next business day or later. Includes account-to- account transfers (Pay Anyone) and scheduled payments (for example, direct debits, and payroll payments by businesses) not made as fast payments through NPP/Osko, and BPAY payments. Outages exclude the inability to initiate payments due to unavailability of web or app banking channels, or a branch.