We’re proud of our role in the design and delivery of the New Payments Platform (NPP), alongside the 12 original shareholders of NPP Australia Ltd. With over 5 years NPP implementation experience, enabling 60+ implementations since 2018, we’ve helped more organisations than anyone else to access the Platform – including the most innovative payment service providers on the Platform today; Azupay, Monoova, Zai and Zepto, and over half of all financial institutions.
Our secure and resilient infrastructure ensures the smooth flow of regulated payments data, processing around 20% of all transactions on the NPP, supporting a wide range of capabilities and business models to ensure reliable and flexible service delivery based around your needs.
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. With over 50 years working to help our clients adapt to a changing banking and payments industry, and around 120 clients from a range of different industries, we have the industry partnerships, scale and expertise to help you take advantage of every benefit the NPP has to offer.
Connect to the NPP
Contact Cuscal to enquire about how we can connect your business to the NPP.
New Payments Platform for banks, credit unions and mutuals
As a financial institution, adapting to the changing market is crucial. In order to compete, you need to make adjustments so you are capable of dealing with today’s faster digital world.
The NPP brings greater economic activity, more opportunities and creates a level playing field for financial institutions – it’s time to get involved.
Benefits of connecting to the NPP include:
- Real-time validation and processing of payment instructions for clear visibility of ongoing liquidity.
- Real-time clearing and settlement for immediate fund availability.
- Streamlined operational processes for managing investigations, payments returns and disputes.
- PayTo initiation services for delivering an enhanced customer experience and control over payments from bank accounts.
Connect to the NPP
Contact Cuscal to enquire about how we can help connect your business to the NPP.
New Payments Platform for payment service providers
At Cuscal we can help you take advantage of real-time payments by partnering with you to provide wholesale access to NPP capabilities, freeing your business to focus on building innovative real-time payment solutions for the end customer.
Benefits of connecting to the NPP include:
- The efficient allocation of capital through the availability of cleared funds in real-time.
- Ability to make low-value payments outside of banking hours.
- More complete remittance information included with payments.
- Simplifying payment reconciliation with unique account identifiers and PayIDs.
- PayTo initiation services that remove the uncertainty of receiving payments from bank accounts, with real-time account validation, fund verification and notifications for pre-authorised PayTo agreements.
Connect to the NPP
Contact Cuscal to enquire about how we can help connect your business to the NPP.
Be at the forefront of payments innovation
To take advantage of real-time payments you don’t have to directly connect to the platform as an NPP Participant. Flexible access models, such as Cuscal’s agency arrangement, enables banks, PSPs, software providers, fintechs and corporates to build innovative payment experiences leveraging platform capabilities without having to meet the stringent requirements of an NPP Participant.
Our NPP solution offers you full access to all of the features of the NPP, delivering:
- High availability, ensuring speed and certainty of messaging and response times.
- Real-time validation and processing of payment instructions for clear visibility of ongoing liquidity.
- Real-time clearing and settlement of NPP payments for real-time funds availability.
- Access to all the flows and options for NPP messaging and services, avoiding duplication of NPPA and Participant costs to deliver a more cost effective service.
- Self-service dispute resolution and investigation capabilities and workflows providing streamlined operational processes and compliant audit trails.
- Managed NPP compliance, reducing compliance costs and operational risk.
Connect to the NPP
Contact Cuscal to enquire about how we can help connect your business to the NPP.
Real-time fraud monitoring for NPP transactions
In an economy where customers expect payments to be sent in real-time, traditional approaches to fraud prevention are less effective. And although the NPP isn’t riskier than any other payment platform, fraudsters are always looking for new opportunities to make money.
The velocity and irrevocable nature of real-time payments mean that organisations no longer have the luxury of time to detect and prevent fraudulent activity before a payment is processed. A state of the art fraud management platform is therefore essential to managing and reducing the risks of fraud for your customers and business.
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.
Contact Us
We look forward to hearing from you.
Simply send us a message if you would like more information about Cuscal and/or our products and services.
We will get back to you as soon as we can.