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Showing 1 - 10 of 16 results for "New Payments Platform"

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... banking system, which is not optimised to meet the aims of the policy. "While investment in developing the New Payments Platform (NPP) banking system to enable a wholesale migration to data-rich real-time payments continues, this technology is currently ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... with super payments. "The SuperStream data and payment standards will be revised to allow payments via the New Payments Platform and improve error messaging to ensure employers and intermediaries can quickly address errors," the Treasury fact sheet stated. ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... business days to three. And SuperStream data and payment standards will be revised to allow payments via the New Payments Platform and error messaging will be improved to ensure swifter rectification. Meantime, revised choice of fund rules will make ...

Suncorp wealth chief steps down

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... number of customer driven initiatives, including Apple and Google Pay, which staged the rollout of the banks New Payments Platform and building the foundations for its new digital banking strategy. "We are now well placed to continue to build on this ...

KPMG foretells open super era

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... streamlined withdrawals and better personal financial management. With technological innovations - including the New Payments Platform - poised to influence super's future, KPMG warned the sector's large incumbent funds are not guaranteed growth in assets ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... Commonwealth Bank and Westpac chief information officer Bob McKinnon is tasked with the tough job of chairing the New Payments Platform (NPP) through its rollout. McKinnon was made chair at the end of January this year. In March, the RBA revealed it ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... customers, and those of other institutions, to benefit from this important national infrastructure." The New Payments Platform launched last February, but many of the features touted in the infrastructure project have not yet materialised. The system ...

Super admin provider adds chief information officer

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
... McKeage spoke of the company's plans to take advantage of new advances in technology, such as blockchain, the New Payments Platform and disintermediated proprietary networks. "As a company, we are not threatened by these changes but see tremendous opportunity ...

RBA calls for more innovation

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... spoke at SIBOS about what the central bank would like to see in payments next. In February, RBA launched New Payments Platform (NPP) which let consumers make fast payments 24x7, all year round. This was made possible by the central bank's new service ...

NPP to take super by storm: Research

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
Research from CBA and KPMG Australia shows the New Payments Platform (NPP) can save the superannuation industry time and millions of dollars each year. Launched in February, the NPP is able to settle transactions in real-time. The time it takes to top ...
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