accessing the npp...systems, core banking systems, case management systems, etc. •integration into...
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Katrina StuartHead of Engagement, New Payments Platform Australia
Accessing the NPP
NPPA Webinar
6 September 2018
Accessing the NPP
Page 2© NPP Australia Limited
“The New Payments Platform has been designed to
support fair and open access. It is the first clearing
and settlement system in Australia to be designed
with access as a primary objective”
New Payments Platform Australia Productivity Commission Submission
March 2018
Options for accessing the NPP
Bank
Channels
Payment
Gateway
Bank Customer
(e.g. Jack’s Coffee Shop)
Addressing
Service
Fast Settlement Service
Reserve Bank Information
and Transfer Service (RITS)
Reserve Bank of
Australia
Clearing Request and Notification
Settlement Notification
Payment
Gateway
Bank
Channels
NPP Participant
(e.g. CBA)
Settlement Notification
Settlement Request
Payment Gateway
Overlay Services (e.g. Osko)
Payment
Gateway
Back Office
Connected Institution
Identified Institution
(e.g. Credit Union S.A.)
Non-Value Messages Non-Value Messages
Basic Infrastructure
11
2
3
4
5 5
NPP Participant
(e.g. NAB)
Bank Customer
(e.g. Coffee Supplier)
Bank Customer
(e.g. Liz’s Coffee Shop)
5
Page 3© NPP Australia Limited
NPP Participant
NPP Participant
Bank
Channels
Payment
Gateway
Bank Customer
(e.g. Jack’s Coffee Shop)
Addressing
Service
Fast Settlement Service
Reserve Bank Information
and Transfer Service (RITS)
Reserve Bank of
Australia
Clearing Request and Notification
Settlement Notification
Payment
Gateway
Bank
Channels
Settlement Notification
Settlement Request
Payment Gateway
Overlay Services (e.g. Osko)
Payment
Gateway
Back Office
Connected Institution
Identified Institution
(e.g. Credit Union S.A.)
Non-Value Messages Non-Value Messages
Basic Infrastructure
2
3
4
5 5
Bank Customer
(e.g. Coffee Supplier)
Bank Customer
(e.g. Liz’s Coffee Shop)
5
Page 5© NPP Australia Limited
NPP Participant
(e.g. CBA)1NPP Participant
(e.g. NAB)1
Current NPP Participants
Page 6© NPP Australia Limited
NPP Participants
Page 7© NPP Australia Limited
1. Approved Deposit-taking Institution
(ADI), including Restricted ADIs
2. Required to become a shareholder
of NPPA Limited
3. Have an active Exchange
Settlement Account (ESA) with the
Reserve Bank of Australia
4. Be able to meet technical
connectivity requirements
Who Eligibility
Financial institutions who wish to:
• Clear and settle payments
• Sponsor other organisations onto the
NPP (i.e. Identified Institutions or
Overlay Service Providers)
• Subscribe to Overlay Services
• Vote in and nominate for the NPPA
Limited Board
NPP Participants – technical connectivity
Page 8© NPP Australia Limited
Technical requirements for NPP PAG Primary purpose of
NPP PAG
• Connectivity for
processing of
payments
• 24/7 availability and resilience
• Meet NPP performance SLAs
• Meet minimum security standards and requirements
• Comply with Payment Card Industry Data Security Standard (PCI
DSS) if receiving, transmitting or holding card data
• Integration with back office systems, including financial accounting
systems, core banking systems, case management systems, etc.
• Integration into end channels, e.g. internet banking and mobile
banking
• Implement the required operational processes within back office
environments, e.g. handling of mistaken payments, integration of
investigations process into case management system, etc.
• Implement processes regarding onboarding and offboarding
customers, servicing customers, managing exceptions, risk
management, etc.
• Banks
• Wholesale payment
service aggregators
• Agency service
providers
Example Organisations
Identified Institutions
Options for accessing the NPP
Bank
Channels
Payment
Gateway
Bank Customer
(e.g. Jack’s Coffee Shop)
Addressing
Service
Fast Settlement Service
Reserve Bank Information
and Transfer Service (RITS)
Reserve Bank of
Australia
Clearing Request and Notification
Settlement Notification
Payment
Gateway
Bank
Channels
NPP Participant
(e.g. CBA)
Settlement Notification
Settlement Request
Payment Gateway
Overlay Services (e.g. Osko)
Payment
Gateway
Back Office
Connected Institution
Identified Institution
(e.g. Credit Union S.A.)
Non-Value Messages Non-Value Messages
Basic Infrastructure
11
2
3
4
5 5
NPP Participant
(e.g. NAB)
Bank Customer
(e.g. Coffee Supplier)
Bank Customer
(e.g. Liz’s Coffee Shop)
5
Page 10© NPP Australia Limited
Current Identified Institutions
Page 11© NPP Australia Limited
Identified Institutions
Page 12© NPP Australia Limited
1. Agreement with NPP
Participant for connectivity
2. BSB and BIC code
Who Eligibility
Organisations who wish to:
• Indirectly access the NPP
• Be able to provide customers
with NPP payment services
Overlay Service Providers
Options for accessing the NPP
Bank
Channels
Payment
Gateway
Bank Customer
(e.g. Jack’s Coffee Shop)
Addressing
Service
Fast Settlement Service
Reserve Bank Information
and Transfer Service (RITS)
Reserve Bank of
Australia
Clearing Request and Notification
Settlement Notification
Payment
Gateway
Bank
Channels
NPP Participant
(e.g. CBA)
Settlement Notification
Settlement Request
Payment Gateway
Overlay Services (e.g. Osko)
Payment
Gateway
Back Office
Connected Institution
Identified Institution
(e.g. Credit Union S.A.)
Non-Value Messages Non-Value Messages
Basic Infrastructure
11
2
3
4
5 5
NPP Participant
(e.g. NAB)
Bank Customer
(e.g. Coffee Supplier)
Bank Customer
(e.g. Liz’s Coffee Shop)
5
Page 14© NPP Australia Limited
Current Overlay Service – Osko
Quicker moving money Flexible addressing More information
Confidence in Delivery Through your Financial Institution Make a request to be paid
Visit www.osko.com.au for further information
Money received in less than
1 minute
No need to share account
details when using PayID
More explanation with up
to 280 characters
Osko is in the majority of Financial Institutions’
mobile & Internet Banking platforms
PayID Name is displayed to confirm the
intended recipient and customer can
receive immediate confirmation
Simple requests with up to 280 characters
using PayID. Easily track and reconcile
which payment requests have been paid
in part or in full
Now Available Future Offerings
More information
Payment with a document or
link to externally hosted
documents
Page 15© NPP Australia Limited
Overlay Service Provider
Page 16© NPP Australia Limited
1. Be a body corporate, with an
Australian place of business
2. Be financially viable/solvent
3. Have the requisite business
expertise and have a
comprehensive business plan for
the proposed service
Who Eligibility
Organisations who:
• Define the message set, data content
to be used and how the message flows
will work across the NPP
• Manage the ongoing governance and
membership of the service
• Offer their service to NPP Participants
and their customers
Possible Future Overlay Services (Products)
Page 17© NPP Australia Limited
E-Invoicing
• Combine complex structured data with payment
• Solutions could range from simple, mobile based
solution to more complex ones using accounting
software or ERP systems
Compliance
• Deployment of new technology and capabilities to
enhance and supplement current compliance
processes
• Could be in areas such as KYC, AML and
cybersecurity
Payroll
• Specific payroll product could incorporate data fields
explicitly tailored to the industry’s needs
• Payroll payments could be made real-time, 24x7
together with disbursements for tax or superannuation
Stock Markets
• Faster payment of dividend payments, 24x7
• Streamlined and efficient corporate actions with
electronic data capture, request for payment and no
batch cut-off times
Connected Institutions
Options for accessing the NPP
Bank
Channels
Payment
Gateway
Bank Customer
(e.g. Jack’s Coffee Shop)
Addressing
Service
Fast Settlement Service
Reserve Bank Information
and Transfer Service (RITS)
Reserve Bank of
Australia
Clearing Request and Notification
Settlement Notification
Payment
Gateway
Bank
Channels
NPP Participant
(e.g. CBA)
Settlement Notification
Settlement Request
Payment Gateway
Overlay Services (e.g. Osko)
Payment
Gateway
Back Office
Connected Institution
Identified Institution
(e.g. Credit Union S.A.)
Non-Value Messages Non-Value Messages
Basic Infrastructure
11
2
3
4
5 5
NPP Participant
(e.g. NAB)
Bank Customer
(e.g. Coffee Supplier)
Bank Customer
(e.g. Liz’s Coffee Shop)
5
Page 19© NPP Australia Limited
Connected Institutions
Page 20© NPP Australia Limited
1. Be a body corporate, with an
Australian place of business
2. Be financially viable/solvent
3. Be able to meet technical
connectivity requirements
Who Eligibility
Organisations who wish to:
• Connect directly to the NPP
• Send high volumes of non-
value messages directly to
NPP Participants to initiate
payments
Connected Institutions – technical connectivity
Page 21© NPP Australia Limited
Technical requirements for NPP PAG Primary purpose of
NPP PAG
Example Organisations
• 24/7 availability to respond to messages
• Resilience
• Meet NPP performance SLAs
• Back office must be able to support a real time
environment
• Meet minimum security standards and
requirements
• Comply with Payment Card Industry Data Security
Standard (PCI DSS) if receiving, transmitting or
holding card data
• Connectivity for
sending payment
initiation
messages and
receiving
confirmations
• Payroll providers
• B2B payment service
providers
• Share registries
NPP User
Options for accessing the NPP
Bank
Channels
Payment
Gateway
Bank Customer
(e.g. Jack’s Coffee Shop)
Addressing
Service
Fast Settlement Service
Reserve Bank Information
and Transfer Service (RITS)
Reserve Bank of
Australia
Clearing Request and Notification
Settlement Notification
Payment
Gateway
Bank
Channels
NPP Participant
(e.g. CBA)
Settlement Notification
Settlement Request
Payment Gateway
Overlay Services (e.g. Osko)
Payment
Gateway
Back Office
Connected Institution
Identified Institution
(e.g. Credit Union S.A.)
Non-Value Messages Non-Value Messages
Basic Infrastructure
11
2
3
4
5 5
NPP Participant
(e.g. NAB)
Bank Customer
(e.g. Coffee Supplier)
Bank Customer
(e.g. Liz’s Coffee Shop)
5
Page 23© NPP Australia Limited
NPP user
Page 24© NPP Australia Limited
• Hold a NPP-enabled
bank account
Who Eligibility
Anyone who wishes to:
• Make or receive payments
• Leverage existing platform
capability
NPP API technical framework
Page 25© NPP Australia Limited
• Framework defines the key technical approach
(REST, JSON, etc.) and mandatory data attributes
that each API should have for NPP use (i.e. the
foundation layer that should not be altered)
• This mandatory layer can be built upon by others
• Data attributes aligned to ISO 20022 standards
• Initial release will focus on three APIs but will be
extended over time
• Open and published API framework and
specifications, owned and managed by NPPA; APIs
developed by NPP Participants and other parties
NPP
Payment
Initiation
APIs
API [Payment
Initiation
Request]
API [Payment
Status
Request]
NPP
PayID
APIs
API [PayID
Resolution
Request]
Version 1.0
Initiating payments
Page 26© NPP Australia Limited
Third parties such as Corporates and Fintechs will be able to initiate payments via APIs, either via an NPP Participant, or
in the future, via Connected Institutions
Payment
Initiation
Corporate
NPP
Payment
Gateway
NPP Participant
API
API
API
• NPP payment gateway
sends payment initiation
messages to other NPP
payment gateways
Payment
Initiation
NPP
Payment
Gateway
Connected
Institution
(Fintech consortium
/ third party
payments provider)
API
API
API
• Third parties submit payment
initiation messages via API’s to
an NPP Connected Institution
• NPP payment gateway
sends payment initiation
messages to other NPP
payment gateways
Fintech
Corporate
Fintech
• Third parties submit payment
initiation messages via API’s to
an NPP Participant
Merchant Merchant
Access decision tree
Page 27© NPP Australia Limited
User of the platform (using PayID or
BSB/account details to receive payments)
1. Receive payments via the NPP
Are you
an ADI/
planning on
being an
ADI?
Yes
No
NPP Participant if want to be able to clear and settle on
own behalf and provide access (significant technical
effort)
Identified Institution if prefer to have directly connected
Participant settle on your behalf (“light” touch)
Suggested access option
Connected Institution
2. Make payments via the NPP
User of the platform
3. Send data with a payment
Does
Osko meet
your
needs?
Yes
No
Overlay Service Provider4. Provide a different customer
experience to what is there currently
5. Provide access to others
and/or submit payment
initiation messages
6. Provide payment services to my
customers
Thank you
©2018 NPP Australia Limited (ABN 68 601 428 737)
Disclaimer: This presentation is for general information purposes only. Neither this presentation, nor any information contained in it, shall form the basis
of any contract between NPP Australia Limited and any person, nor constitute a commitment by NPP Australia Limited to any person.© NPP Australia Limited
For more information please contact
the NPPA team on info@nppa.com.au
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