Banks and payment providers will have until March 2013 to conform to the revised code of conduct relating to what the industry and regulators have ill-advisedly resolved to refer to as "ePayments".The revised code completes the four-and-a-half year review of the Electronic Funds Transfer Code of Conduct, a document that has had a number of iterations since first emerging in the 1990s.The new code, apart from the jargon in the title, endeavours to explain its purpose in plainer English and also "to cover all consumer electronic funds transfer transactions initiated electronically".All pre-paid cards, toll payments and mobile phone payments will be covered by the code in addition to most everyday banking transactions. BPay bill payments and direct debits will clearly be covered. But the code will not cover cheque payments and some special purpose credit card payments.Non-bank payment providers will be encouraged to subscribe to the code, and the Government may have to take steps to rope in any that are reluctant.The Australian Securities and Investments Commission said in its media release yesterday that PayPal "agreed to sign up to the revised code by the end of the transition period".