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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Appendix B – Merchant Categories | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations

7 Jun 2011 Consultations
Take-away food/fast-food. Take-away food and beverages consumed at or away from a fast-food restaurant or food court; or food and beverages that require minimal preparation time
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/appendix-b.html

Strategic Issues – Project Governance | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
Footnote. These governance principles are based on the ‘RBA Core Criteria for a ‘Fast Payments’ Solution’, available at:The materials on this webpage are subject to copyright and their use is
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-project-governance.html

Appendix A – Study Methodology | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations

7 Jun 2011 Consultations
F – Take-away food/fast-food. G – Café/restaurant. H – Pub/bar. K – Petrol/service station.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/appendix-a.html

Glossary | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
FMI. Financial Market Infrastructure. FSS. Fast Settlement Service. HVCS. High Value Clearing System.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/glossary.html

The Use of Established Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…

7 Jun 2011 Consultations
The 2010 diary results indicate that cash is used for over 80 per cent of the number of payments for take-away and fast-food stores, pubs/bars, small food stores
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html

ISO 20022 Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
Domestically, ISO 20022 has been adopted in the New Payments Platform (NPP) and Fast Settlement Service (FSS) and is also the message format being adopted by the ASX as part of
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/iso-20022-migration.html

Glossary | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
FSS. Fast Settlement Service. HVCS. High Value Clearing System. This clearing system is administered by AusPayNet and is used for exchange of high value payments.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/glossary.html

Introduction | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
RITS Fast Settlement Service (FSS), another third that are RITS Members not directly using NPP/FSS, and a little over a third made up of payments industry bodies, corporates, vendors and
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/introduction.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.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-payment-system-design.html