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NPP

ASL’s new real-time payment solution

NPP facilitates real-time payments between bank accounts paired with value-add messaging.
There are different types of NPP offered by ASL:

  • Single Credit Transfer (SCT) – a single real-time payment from one bank account to another
  • Categorised SCT – used for industry-specific real-time payments
  • PayTo – digital alternative to traditional direct debits (coming soon!)
  • IFTI – International Funds Transfer Instruction (coming soon!)

NPP is a world class payments solution giving consumers, businesses, and Government a way to make fast, versatile, and data-rich payments to meet the evolving needs of a 24/7 digital economy. While the platform has been collaboratively developed by NPP Australia and 13 financial institutions, we directly connected on day 1 launch, proudly enabling access for our Members.

There are several features on offer with ASL’s NPP solution:

  • Make real-time payments – clearing and settlement
  • Send and receive low-value payments outside normal banking hours
  • Send more complete remittance information with payments
  • Address payments in a relatively simple way
  • Overlay services like Osko by BPAY

The key benefits of ASL’s NPP solution are:

  • Faster – funds received in less than a minute
  • Convenient – 24/7 365 days per year
  • Innovative – 280-character messaging
  • Simpler – use of PayID

We consider our Customer’s as Members of ASL. As a Member, you also benefit from:

  • Dedicated Account Management with access to a range of product, technical and operational resources. 24/7 monitoring and business continuity management.
  • Best-in-class payment products to support your business with ongoing thought leadership and planning to ensure future products are available when your Customers need them.
  • Payment experts available for consultation on your business and will represent your needs with key Suppliers, and industry regulators, associations.
  • Member and Product onboarding are supported by a dedicated Implementation (Project Manager) so Members are supported at any point of these changes.

ASL have operated for over 20 years supporting Australian organisations and were the first non-bank to hold an Exchange Settlement Account (ESA). We are an approved deposit taking institution (ADI) and supervised by the Australian Prudential Regulation Authority (APRA).

For more information on ASL's NPP Solution
NPP – ASL
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