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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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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

List of graphs

17 Oct 2019 RBA Annual Report – 2019
Reserve Bank of Australia Annual Report – 2019 List of Graphs. The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. Reserve Bank of Australia,
https://www.rba.gov.au/publications/annual-reports/rba/2019/list-of-graphs.html

Management of the Reserve Bank

27 Oct 2022 RBA Annual Report – October 2022
This includes from the use of payment systems run by the Bank (such as the Reserve Bank Information and Transfer System and the Fast Settlement Service), and from transactional banking services ... supporting the Fast Settlement Service.
https://www.rba.gov.au/publications/annual-reports/rba/2022/management-of-the-reserve-bank.html

The Evolving Retail Payments Landscape

28 Sep 2022 PSB Annual Report – September 2022
Graph 2.7. More account-to-account transfers are happening in real time. Use of Australias fast account-to-account payments system, the NPP, has continued to grow since its launch ... PayTo provides direct debit-like functionality, allowing consumers to
https://www.rba.gov.au/publications/annual-reports/psb/2022/the-evolving-retail-payments-landscape.html

Governor's Foreword

27 Oct 2022 RBA Annual Report – October 2022
It did this using Australias real-time fast payment system, which allows money to be paid into bank accounts 24 hours a day, seven days a week.
https://www.rba.gov.au/publications/annual-reports/rba/2022/governors-foreword.html

Operational Structure

27 Oct 2022 RBA Annual Report – October 2022
RITS includes the Fast Settlements Service, which Payments Settlements Department operates on an RTGS basis 24 hours a day, seven days a week for settlement of New Payments Platform transactions.
https://www.rba.gov.au/publications/annual-reports/rba/2022/operational-structure.html

Governor's Foreword

21 Oct 2021 PSB Annual Report – 2021
Much of the work of the Payments System Board during 2020/21 focused on understanding these new opportunities and ensuring that the regulatory arrangements are appropriate for this fast-moving world.
https://www.rba.gov.au/publications/annual-reports/psb/2021/governors-foreword.html

The Bank's Services and other Activities

9 Mar 2023 RBA Annual Report – 1989
Successful production of a fast-setting printing ink, which was previously imported, has already reduced costs.
https://www.rba.gov.au/publications/annual-reports/rba/1989/banks-services.html

Abbreviations

24 Oct 2016 PSB Annual Report – 2016
FSB. Financial Stability Board. FSI. Financial System Inquiry. FSS. Fast Settlement Service.
https://www.rba.gov.au/publications/annual-reports/psb/2016/abbreviations.html

Banking and Payment Services

12 Apr 2020 RBA Annual Report – 2020
The Reserve Bank Information and Transfer System (RITS) infrastructure, which is owned and operated by the Reserve Bank, is critical to the fast and reliable transfer and settlement of payment obligations ... RITS also provides a real-time settlement
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html