Search: NPP
RBA Glossary definition for NPP
NPP – New Payments Platform
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Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
The Bank has an MOU with NPP Australia Limited (NPPA), which sets out arrangements for engagement and information sharing. ... The introduction of real-time payments with the establishment of the NPP in 2018.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
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
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
Direct participants connect to the NPP directly using their own NPP payment gateway. ... In response, the report included a number of recommendations relating to NPP access:.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
2.3 Banking and Payment Services
19 Oct 2023
RBA Annual Report
– October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html
Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions
8 May 2024
Submissions
Another development in this area is the Mandated Payments Service (MPS) for the New Payments Platform (NPP). ... The MPS is currently in development; the operator of the NPP, NPP Australia, anticipates that financial institutions will begin to rollout
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html
Project Scope | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
office system upgrade processes, and reusing the existing NPP ISO 20022 message suite. ... The NPP operates on a dedicated domestic network, and HVCS operates on the global SWIFT network.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/project-scope.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. ... RITS also provides a real-time settlement service to support the operation of the NPP.
https://www.rba.gov.au/publications/annual-reports/rba/2018/banking-and-payment-services.html
Banking and Payment Services
27 Oct 2022
RBA Annual Report
– October 2022
The majority (96 per cent) of these support payments were made using the NPP. ... to initiate NPP payments from their accounts; or new uses for the NPP.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html
Strategic Issues – Payment System Design | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
The settlement system used for NPP payments is the FSS. The FSS caters for fast, immediate settlement processing. ... The NPP utilises ISO 20022 messaging for the clearing and settlement of payments.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-payment-system-design.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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