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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Abbreviations

14 Sep 2017 PSB Annual Report – 2017
FAST. Fast and Secure Transfers. FEX. Financial and Energy Exchange. Fintech. ... Financial technology. FMI. Financial market infrastructures. FSS. Fast Settlement Service. FX.
https://www.rba.gov.au/publications/annual-reports/psb/2017/abbreviations.html

1 February 2022 | Minutes of the Monetary Policy Meeting of the Board

15 Feb 2022 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 February 2022
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2022/2022-02-01.html

Our Role

21 Oct 2021 RBA Annual Report – 2021
The Fast Settlement Service of RITS settles obligations arising from individual payments exchanged on the New Payments Platform in real time on a 24/7 basis.
https://www.rba.gov.au/publications/annual-reports/rba/2021/our-role.html

6 November 2007 | Minutes of the Monetary Policy Meeting of the Board

5 Dec 2007 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 November 2007
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2007/06112007.html

Our Role

12 Apr 2020 RBA Annual Report – 2020
The Fast Settlement Service of RITS settles obligations arising from individual payments exchanged on the New Payments Platform in real time on a 24/7 basis.
https://www.rba.gov.au/publications/annual-reports/rba/2020/our-role.html

4 June 2013 | Minutes of the Monetary Policy Meeting of the Board

18 Jun 2013 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 June 2013
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2013/04062013.html

Governor's Foreword

28 Sep 2022 PSB Annual Report – September 2022
More account-to-account transfers are also occurring in real time using Australias fast payment system and further development of this system is underway. ... The Bank is working on elements of the G20 roadmap, including adoption of the international
https://www.rba.gov.au/publications/annual-reports/psb/2022/governors-foreword.html

Banking and Payment Services

20 Sep 2018 RBA Annual Report – 2018
The NPP allows fast, versatile and data-rich payments to be made 24/7. ... The Australian Prudential Regulation Authority is also introducing a phased approach to authorising new ADIs, which allows new entrants to fast track a restricted ADI licence.
https://www.rba.gov.au/publications/annual-reports/rba/2018/banking-and-payment-services.html

Governor's Foreword

21 Oct 2021 RBA Annual Report – 2021
Many of these payments have been made using Australia's real-time fast payment system, which allows money to be paid into bank accounts 24 hours a day, seven days a ... week. The Bank has been a long-time proponent of a fast payments system in Australia
https://www.rba.gov.au/publications/annual-reports/rba/2021/governors-foreword.html

5 October 2021 | Minutes of the Monetary Policy Meeting of the Board

19 Oct 2021 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 October 2021
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-10-05.html