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RBA Glossary definition for 24/7

24/7 – 24 hours a day, 7 days a week

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Opening Statement to the House of Representatives Standing Committee on Economics

9 Aug 2019 Speech
Philip Lowe
Speech delivered by Philip Lowe, Governor, , Canberra
https://www.rba.gov.au/speeches/2019/sp-gov-2019-08-09.html

12/12/2019 Opening Statement to the Senate Economics Legislation Committee ...

19 Dec 2019 Speech PDF 316KB
This is certainly true with the launch early last year ofthe New Payments Platform, which allows consumers and businesses to make real-time, 24/7 payments with richer data and simple
https://www.rba.gov.au/speeches/2019/pdf/sp-so-2019-12-12.pdf

Innovation, Stability and the Role of the Payments System Board

28 May 2012 Speech
Glenn Stevens
Address by Glenn Stevens to the Australian Payments Clearing Association's 20th Anniversary Symposium, Sydney
https://www.rba.gov.au/speeches/2012/sp-gov-280512.html

Issues In Economic Policy

22 Jul 2015 Speech
Glenn Stevens
Address to the Anika Foundation Luncheon, Sydney
https://www.rba.gov.au/speeches/2015/sp-gov-2015-07-22.html

Real-time Payments in Australia

5 May 2022 Speech PDF 265KB
Mostconsumers and businesses can make and receive real-time payments 24 hours a day, every day ofthe year. ... This figure isconsiderably higher than other 24/7 services such as card payment services, for which the averageoutage duration per service
https://www.rba.gov.au/speeches/2022/pdf/sp-so-2022-05-03.pdf

Remarks at Reserve Bank Board Dinner

1 May 2018 Speech
Philip Lowe
Speech delivered by Philip Lowe, Governor, to the , Adelaide
https://www.rba.gov.au/speeches/2018/sp-gov-2018-05-01.html

The Future of Payments: Cryptocurrencies, Stablecoins or Central Bank Digital Currencies?

26 Nov 2021 Speech PDF 322KB
5]. [6]. [7]. [8]. The Future of Payments: Cryptocurrencies, Stablecoins or Central Bank Digital Currencies? | ... The New Payments Platform (NPP) was a major upgrade to the paymentssystem, allowing real-time, data-rich, easily addressed
https://www.rba.gov.au/speeches/2021/pdf/sp-so-2021-11-18.pdf

Speech Fast Payments in Australia Michele Bullock Assistant Governor ...

15 Mar 2018 Speech PDF 170KB
For example, the taxonomy lists ISO standardand 24/7 availability as being highly desirable features enhancing customer value – the NPP offersboth these. ... But not many countries currently provide real-timesettlement of retail payments, and even
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-03-13.pdf

Cryptocurrencies and Distributed Ledger Technology

26 Jun 2018 Speech PDF 347KB
immediate value to the recipient, are easily addressed, areavailable 24/7 and carry lots more data than currently. ... Indeed, to support the NPP, the Bank is now providing settlement balances on a 24/7 basis, through the FastSettlement Service.
https://www.rba.gov.au/speeches/2018/pdf/sp-so-2018-06-26.pdf

Opening Statement to the House of Representatives Standing Committee on Economics

18 Sep 2015 Speech
Glenn Stevens
Opening Statement to the House of Representatives Standing Committee on Economics, Canberra
https://www.rba.gov.au/speeches/2015/sp-gov-2015-09-18.html