New Payments Platform
Your gateway to the NPP
We are proud to be one of the financial institutions that created the New Payments Platform (NPP).
The New Payments Platform is Australia’s new real-time payments system. It automates payments, allowing them to move quickly between accounts at different financial institutions. The NPP also supports ‘overlay’ services which offer customers additional payments functionality.
Our NPP solution offers you full access to all of the features of the New Payments Platform, as well as closed-loop payments through our ‘On-Us’ processing.
What is real-time payments?
Historically, money has moved slowly between different financial institutions in Australia. This is because payments are collected up throughout the business day into batches and then sent on at certain times. This meant that money moved slowly during business hours and often didn’t move at all after hours and on the weekend. The New Payments Platform changes all this, allowing money to move between different financial institutions in ‘real-time’. Money moves between NPP-connected accounts in seconds, any time of the day or night.
Your NPP partner
As a long-time provider of innovative and reliable payment solutions, we have a deep understanding of the payments landscape along with strong industry relationships.
We connect more organisations to the New Payments Platform than anyone else – more than half of the financial institutions there on ‘day 1’. This gives us both the experience and the expertise to connect you to the NPP, no matter how large your business is or what your needs are.
We’re excited about the future of payments and we’re partnering with banking system providers, payments facilitators and digital businesses to provide our clients and their customers with enriching payment experiences through the NPP.
Our dedicated NPP staff of technical, product and marketing experts will ensure our clients are among the first to offer their customers immediate, convenient and assured payments around the clock.
NPP & fraud
With real-time payments in Australia now a reality, a state of the art fraud management platform will be essential to manage and reduce risks for your customers and business.
The NPP isn’t riskier than any other payment platform, but fraudsters are always looking for new opportunities so they will be testing its security features.
We have created Vigil for NPP, an advanced, data-driven fraud engine, which leverages artificial intelligence and machine learning to identify and reduce fraud, while still allowing payments to be authorised in real-time.
Learn more about our fraud solution for the New Payments Platform.