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RBA Glossary definition for NPP

NPP – New Payments Platform

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Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
Direct participants connect to the NPP directly using their own NPP payment gateway. ... In response, the report included a number of recommendations relating to NPP access:.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

25 May 2023 Submissions
The Bank has an MOU with NPP Australia Limited (NPPA), which sets out arrangements for engagement and information sharing. ... The introduction of real-time payments with the establishment of the NPP in 2018.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions

14 Jun 2023 Submissions
Another development in this area is the Mandated Payments Service (MPS) for the New Payments Platform (NPP). ... The MPS is currently in development; the operator of the NPP, NPP Australia, anticipates that financial institutions will begin to rollout
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html

Abbreviations | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions

1 Mar 2014 Submissions
NPP. New Payments Platform. NPPSC. New Payments Platform Steering Committee. NSFR.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/abbreviations.html

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
Looking forward, the New Payments Platform (NPP) and the introduction of an open banking regime may facilitate the development of services that make account switching easier (see below). ... The NPP, currently under development by a group of 13 financial
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html

Summary of Key Themes | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
This could result in established customers cross-subsidising new customers. Greater transparency, as discussed above, would be beneficial as will improvements in switching through digital identity and the NPP.
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/summary-of-key-themes.html

Deposits, Mortgages and SME Lending | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
For transactional deposit products, there have also been a range of innovations in payment technologies, such as contactless card and mobile phone payments and the New Payments Platform (NPP), which is ... Footnote. The NPP is a new 24-hour payment
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/deposits-mortgages-and-sme-lending.html

The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
time retail payment system (the New Payments Platform or NPP).
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html

Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…

1 Mar 2014 Submissions
For example, shorter clearing times in the cheque system and the proposal for the New Payments Platform (NPP) were introduced by industry with the encouragement of the PSB. ... For example, as discussed in Section 8.4.3 the NPP will potentially allow
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html