Search: 24/7
RBA Glossary definition for 24/7
24/7 – 24 hours a day, 7 days a week
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Strategic Issues – Scope of Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
NPP – used for instant funds transfers 24 hours a day, seven days per week (‘24/7’). ... FSS – settles payments initiated via the NPP on a first-in, first-out (FIFO), line by line RTGS basis, and is available 24/7.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-scope-of-migration.html
Strategic Issues – Payment System Design | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
The NPP facilitates the 24/7 real-time clearing of consumer and business payments, with settlement occurring in the RBA's FSS. ... The first overlay service is Osko by BPAY, which is a payment option available through participating digital banking
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-payment-system-design.html