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RBA Glossary definition for NPP

NPP – New Payments Platform

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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

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

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

Overview

10 Apr 2018 FSR – April 2018
An important development in recent months was the launching of the New Payments Platform (NPP), which enables very fast payments on a 24/7 basis using a recipient's email address, ... The NPP will increase the efficiency of the payments system and may
https://www.rba.gov.au/publications/fsr/2018/apr/overview.html

The Australian Financial System

12 Apr 2019 FSR – April 2019
Some participants have had minor operational incidents affecting their NPP infrastructure, in some cases coinciding with operational incidents affecting service availability in their other systems. ... Both NPP Australia Limited (the operator of the NPP)
https://www.rba.gov.au/publications/fsr/2019/apr/australian-financial-system.html

The Australian Financial System

10 Apr 2018 FSR – April 2018
The Fast Settlement Service (FSS), a new component of RITS, facilitates the settlement of NPP payments on a 24/7 basis. ... Box D: The New Payments Platform and Fast Settlement Service’ provides detail on the NPP and FSS and their financial stability
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html

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

8 Apr 2019 Consultations
ISO 20022 Migration for the Australian Payments System – Issues Paper. Consultation Paper. April 2019. Download the complete Consultation Paper 1.60. MB. Download the Response Template 97. KB. Reserve Bank of Australia 2019. All rights reserved.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/

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

28 Sep 2019 Consultations
ISO 20022 Migration for the Australian Payments System. Responses and Options Paper. September 2019. Download the complete Document 1,176. KB. Reserve Bank of Australia 2019. All rights reserved. The contents of this publication shall not be
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/

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’). ... This could help facilitate the automation of various investigation processes, which has proved beneficial for the NPP.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-scope-of-migration.html

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

31 Dec 2002 Consultations
NPPA. NPP Australia Limited. The company responsible for the operation and management of the NPP. ... NPP Full Participant. NPP Full Participants are organisations that directly clear and settle NPP Payments.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/glossary.html