The payments industry is living through exciting times, with new initiatives being rolled out across the globe by countries to make their payments systems receptive to today's needs. The New Payments Platform (NPP) is one such project, undertaken by Australian Payments Clearing Association (APCA) to build an infrastructure more robust, reliable and scalable for future use.\r
\r
Payments technologies have evolved. Gone are the days when payments were settled in overnight batch; today they are cleared and settled quickly in daytime via frequent batches. This has necessitated the evolution of new payments infrastructure. Outlined below are some trends that have prompted the APCA and Australian banks to roll out a new payment infrastructure known as the New Payments Platform (NPP).
This resource is only available to our paid members. You can Join Us or Sign in to get access to this resource.