Search: NPP
RBA Glossary definition for NPP
NPP – New Payments Platform
Search Results
Box D: The New Payments Platform and Fast Settlement Service
10 Apr 2018
FSR
– April 2018
The NPP and FSS are completely new pieces of payments infrastructure (Figure D1). ... the settlement of NPP payments through the FSS or the settlement of other transactions in RITS.
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html
References
27 Nov 2023
RDP
2023-08
Connolly E (2022), ‘Real-time Payments in Australia’, Opening Address to the NPP Australia Real Time Payments Summit 21/22 ‘More than Just Speed’, Sydney, 3 May. ... Available at
https://www.rba.gov.au/publications/rdp/2023/2023-08/references.html
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Innovation in Payments
14 Sep 2020
RDP
2020-06
bank accounts are able to make and receive payments through the NPP (Fitzgerald and Rush 2020). ... See Rush and Louw (2018) for an overview of the NPP and the Fast Settlement Service.
https://www.rba.gov.au/publications/rdp/2020/2020-06/innovation-in-payments.html
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Overview
10 Apr 2018
FSR
– April 2018
An important development in recent months was the launching of the New Payments Platform (NPP), which enables very fast payments on a 24/7 basis using a recipient's email address, ... The NPP will increase the efficiency of the payments system and may
https://www.rba.gov.au/publications/fsr/2018/apr/overview.html
Conclusion
8 Aug 2017
RDP
2017-04
It would not be surprising if these general trends were to continue as more consumers adopt electronic payment methods and new ways of paying, such as the NPP, emerge.
https://www.rba.gov.au/publications/rdp/2017/2017-04/conclusion.html
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The Australian Financial System
12 Apr 2019
FSR
– April 2019
Some participants have had minor operational incidents affecting their NPP infrastructure, in some cases coinciding with operational incidents affecting service availability in their other systems. ... Both NPP Australia Limited (the operator of the NPP)
https://www.rba.gov.au/publications/fsr/2019/apr/australian-financial-system.html
The Australian Financial System
10 Apr 2018
FSR
– April 2018
The Fast Settlement Service (FSS), a new component of RITS, facilitates the settlement of NPP payments on a 24/7 basis. ... Box D: The New Payments Platform and Fast Settlement Service’ provides detail on the NPP and FSS and their financial stability
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html