NPP – Faster. Simpler. Smarter.
The New Payments Platform (NPP) is a major industry program to deliver a new payments ecosystem for Australia. It will provide consumers, businesses and government with faster, simpler and smarter payments, to support Australia’s 24/7 digital economy.
As one of the founding members of the NPP, we’ve been at the forefront of this game-changing new payments technology. And as one of our clients, you could offer the convenience of faster, simpler and smarter payments to your customers.
Indue’s NPP Solution
Our New Payments Platform (NPP) solution gives you access to a comprehensive suite of services, including:
Single Credit Transfers (SCT)
Faster, PayID-enabled, smarter payments, with the ability to include rich transaction information – available 24×7.
OSKO by BPAY
Osko by BPAY delivers speed in real-time payments, with funds available to consumers or businesses in less than a minute, 24×7.
PayID enables customers to link their account to a mobile, email or other easy-to-remember ID – making it easy to send and receive payments.
RBA’s Fast Settlements Service
Enjoy payments that clear and settle in real time – reducing the risk of cancelled or recalled payments.
Market-Leading Gateway Solution
Proven, market leading gateway solution provided by FIS, an experienced global real-time payments vendor.
Our standard APIs are based on the ISO 20022 specification – ensuring global best practice and compliance for your NPP payments.
Comprehensive Customer Support
We provide full case management tools, operational and technical support for all NPP payment solutions.
Full Agency Solutions for Financial Institutions
Outsource your NPP implementation and management to us, so you can focus on strategy – not tactical solutions.
Real-Time Fraud Monitoring
Secure your payments with a real time financial crimes management solution that moves as fast as your NPP payments, using artificial intelligence and machine learning technology.
What is NPP and how can it work in your business?
The New Payments Platform’s key advantage, compared to any other payment stream, is speed. Both businesses and consumers can access funds in their account, in less than a minute.
Combined with the simplicity of PayID, 24×7 flexibility, and smarter available data, NPP will drive digital transformation across business into the future.
Indue has enabled a mix of credit unions and banks to offer NPP, Australia’s newest digital payments capability, to their customers.
5 ways the NPP can benefit your business
Send and receive funds almost instantly – in less than a minute. The transaction record is updated at the same time – so it can be confirmed and traced in real time.
PayID makes it easy to transfer funds, without the need for a hard-to-remember BSB and account number.
With faster digital payments, the sky’s the limit. Create new differentiated digital, payment experiences for your customers – and generate new revenue opportunities for your business.
The NPP is always on – 24/7/365. And because it’s optimised for digital channels, you can transact whenever – and wherever – you or your customers choose.
Get a payment – see the funds instantly in your account – providing complete payment certainty. Once they’re in your account, the funds can’t be revoked, reducing the risk of transactions being cancelled.
FASTER TRANSACTIONS, FASTER FRAUD? NOT WITH INDUE NPP.
When you partner with us, we work with you to integrate our market-leading Financial Crimes solution, Orion – to help mitigate the risk of real-time fraud.
Find out about how Orion Financial Crimes services can help you to protect your payments from fraud.
Improve cash flow through real-time, irrevocable payments, using a phone number as your identifier for incoming payments.
Manage cash flow and streamline reconciliation with straight-through processing
Integrate NPP into your digital experience, and seamlessly integrate payments into your work flows.
Make immediate support payments for hardship and disaster and emergency welfare assistance payments.