With the NPP now alive and kicking goals across Australia, we thought it timely to share with you some insights you may not yet know about Australia's newest payments platform!

1. THINGS YOU DIDN'T KNOW
ABOUT THE NEW PAYMENTS
PLATFORM
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2. H O W F A S T I S
A N N P P
P A Y M E N T ?
IT’S FAST... BLINDINGLY FAST. NO MORE
WAITING FOR 2 DAYS OR MORE TO ACCESS
FUNDS PAID IN YOUR BANK ACCOUNT. A
PAYMENT VIA OSKO FROM BPAY TAKES LESS
THAN 1 MINUTE TO RECEIVE AND ACCESS
THE FUNDS IN YOUR BANK ACCOUNT. WOW!
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3. C a n P a y I D s b e
i n a n y n a m e ?
PAYID IS THE NEW, SMARTER, SIMPLER WAY TO
ADDRESS PAYMENTS THAT REMOVES THE NEED TO
SHARE YOUR BSB AND ACCOUNT NUMBER. CREATED
BY LINKING YOUR BANK ACCOUNT TO YOUR MOBILE
NUMBER, EMAIL ADDRESS OR EVEN AN ABN IF
YOU’RE A BUSINESS TO RECEIVE NPP PAYMENTS VIA
YOUR BANK’S INTERNET OR MOBILE BANKING APP.
YOU’LL NEED TO PROVE THAT YOU ARE THE
RIGHTFUL OWNER OF BOTH THE PAYID AND THE
ACCOUNT – THE SAME WAY YOU WOULD USUALLY
IDENTIFY YOURSELF WHEN DEALING WITH YOUR
BANK. IF YOU HAVE MORE THAN ONE ACCOUNT YOU
CAN REGISTER A DIFFERENT PAYID FOR EACH ONE.
TO LEARN MORE, VISIT PAYID.COM.AU
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PayId

4. I A M A F I N T E C H ,
D O E S T H A T M E A N
I N E E D T O
B E C O M E A N
O V E R L A Y S E R V I C E
P R O V I D E R T O
O F F E R N P P ?
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An overlay service provider, like Osko by
BPAY, is a product or service that uses
parts of the platform to provide a tailored
payment experience between the
customers of connected participants. While
an overlay service can deliver innovation, it
is not the only way to innovate on the
platform. Fintech's can develop and deliver
innovative payment experiences by
connecting through an existing participant,
such as Indue, without becoming an
overlay service provider.

5. C A N I S T I L L
M A K E A
P A Y M E N T
W H E N T H E
B A N K I S
C L O S E D ?
NPP was designed to provide consumers,
businesses and government with faster, simpler,
smarter payments to support Australia’s 24x7
digital economy. This means that NPP is always
on... providing the ability to make and receive
payments 24/7, outside of normal banking hours.
To learn more, visit nppa.com.au
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6. W H A T I S O S K O
B Y B P A Y ?
05
Osko by BPAY will allow you to pay or get paid faster, easier
and more conveniently, without the hassle of cash. It
facilitates fast, flexible and data-rich ways for Australians to
receive payments in their bank account in less than a minute.
To learn more, visit osko.com.au

7. 06W I L L T H E P L A T F O R M
B E L I M I T E D T O
P A Y M E N T S O N L Y ?
ONE OF KEY BENEFITS OF NPP IS ITS
DATA RICH CAPABILITIES THAT WILL
ENABLE MORE COMPLETE
REMITTANCE INFORMATION TO BE
INCLUDED WITH A PAYMENT. THIS
FUTURE PROOFS THE PLATFORM TO
DELIVER NEW, INNOVATIVE
FEATURES, SUCH AS PAYMENTS WITH
A DOCUMENT THAT WILL TRANSFORM
BUSINESS, TO BE DELIVERED OVER
THE NEXT FEW YEARS.

8. N P P I S N O T
T H E N E W
P L A Y G R O U N D
F O R
F R A U D S T E R S
All financial institutions that connect to NPP must have the
capability to detect and respond to fraudulent activity in real
time, meeting strict interbank technical and operational
requirements. While consumers need to be aware of scams,
Australian financial institutions already protect their
customers in real time when cards are used for purchases,
with this now extended to NPP payments.
Powered by IBM’s Safer Payments, Indue’s Orion Financial
Crimes solution integrates AI and machine learning
algorithms to deliver a 24 x 7, real time, Australian-based
fraud monitoring solution to help protect your customers
across all transactions types, not just NPP.
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9. O U R D E S I G N O F N P P I N A U S T R A L I A
H A S B E E N S H A P E D B Y
I N T E R N A T I O N A L E X P E R I E N C E S , B U T
W E A R E N O T R E P L I C A T I N G T H E M . W E
H A V E D E V E L O P E D A P L A T F O R M
T H A T R E S P O N D S T O O U R O W N
D O M E S T I C N E E D S F I R S T , B U T A T T H E
S A M E T I M E R E S P O N D S T O G A P S
T H A T H A V E B E E N I D E N T I F I E D I N
S O M E I N T E R N A T I O N A L S Y S T E M S T O
D E L I V E R A T R U L Y W O R L D - C L A S S
S O L U T I O N . N P P H A S N O W B E C O M E A
R E F E R E N C E M O D E L F O R O T H E R
I N T E R N A T I O N A L R E A L - T I M E
P A Y M E N T S O L U T I O N S T H A T A R E I N
D E V E L O P M E N T .
M I L T O N G L A S E R
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A U S T R A L I A
H A S
D E V E L O P E D A
W O R L D C L A S S
P A Y M E N T S
P L A T F O R M

10. 09
N P P A : N P P A u s t r a l i a L i m i t e d ( N P P A ) F o r m e d i n D e c e m b e r 2 0 1 4 ,
o v e r s e e s t h e b u i l d , o p e r a t i o n a n d m a n a g e m e n t o f N P P . T h e
c o m p a n y i s o w n e d b y t h e 1 3 p a r t i c i p a t i n g f i n a n c i a l i n s t i t u t i o n s ,
i n c l u d i n g I n d u e .
S W I F T : S W I F T , a l e a d i n g g l o b a l v e n d o r i n r e a l t i m e p a y m e n t s ,
w a s a p p o i n t e d t o d e s i g n , b u i l d a n d o p e r a t e t h e B a s i c
I n f r a s t r u c t u r e ( B I ) i n a c c o r d a n c e w i t h t h e i n d u s t r y ’ s s o l u t i o n
d e s i g n .
R B A F S S : T h e F a s t S e t t l e m e n t S e r v i c e ( F S S ) i s a n e w s e r v i c e
f r o m t h e R B A t h a t p r o v i d e s r e a l t i m e , l i n e b y l i n e s e t t l e m e n t o f
i n d i v i d u a l r e q u e s t s r e c e i v e d v i a t h e B a s i c I n f r a s t r u c t u r e o n a
2 4 / 7 b a s i s .
B P A Y : B P A Y , t h e f i r s t o v e r l a y s e r v i c e p r o v i d e r f o r N P P ,
l a u n c h e d O s k o t o e n a b l e c o n s u m e r s a n d b u s i n e s s e s t o s e n d a n d
r e c e i v e p a y m e n t s i n l e s s t h a n a m i n u t e .
D O E S T H E N P P A U S T R A L I A
L I M I T E D O P E R A T E T H E
P L A T F O R M ?
With the NPPA, three other organisations have collaborated with financial institutions to deliver the New Payments Platform:

11. A S A B U S I N E S S
H O W C A N I
O F F E R N P P T O
M Y
C U S T O M E R S ?
Check with your bank to see if as a business customer NPP is
available to you, as each financial institution has its own roll out
plans for NPP. If it is available, register for a PayID for your
business and include it on your invoices for customers to use
when making a payment.
If your business is looking to access NPP to offer an innovative or
transform existing payment experiences, then you will need
to partner with an existing participant, such as Indue. Indue has
over 50 years’ experience in providing payments and settlement
solutions for our clients and are well placed to partner with your
business.
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12. T H A N K
Y O U !
CONNECTIVITY TO THE INDUSTRY SOLUTION TO ENABLE NPP PAYMENTS
REAL TIME PAYMENTS CLEARING AND SETTLEMENT PROCESSING
PAYID REGISTRATIONS AND UPDATES
BPAY OSKO SERVICES AND OTHER OVERLAY SERVICES
MISTAKEN PAYMENTS INVESTIGATIONS
LIQUIDITY MANAGEMENT
REAL TIME FRAUD MONITORING, USING ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING TECHNOLOGY
OPERATIONAL AND TECHNICAL SUPPORT
PROJECT MANAGEMENT AND CONSULTING SERVICES
W E E N A B L E C L I E N T S T O O F F E R
N P P V I A O U R C O M P R E H E N S I V E
S O L U T I O N

13. M O R E
I N F O ?
L E T ' S C O N N E C T
CALL: +61 7 3258 4222
EMAIL: NPPENQUIRY@INDUE.COM.AU
VISIT INDUE.COM.AU TO LEARN MORE OR: