New Payments Platform (NPP)…these three words form the ‘next big thing’ in the Australian banking scene and will be a hot topic at the Ultradata Client Conference 2016 as we prepare clients for this innovation due to be released in 2017.
The NPP enables Australians to transfer money in 8 seconds, 24/7. Customers will have the ability to use an alias, such as a mobile number, email address, Australian Business Number (ABN) and potentially others, that is linked to their account (instead of BSB and account number) to receive funds. The NPP and how to prepare for it, will be one of the key topics in discussion at this year’s Client Conference which runs from 22-24 August on the Gold Coast.
Just like mobile banking, smartphone apps and payWave, customers will expect their financial institution to provide the NPP service and institutions that embrace this innovation will demonstrate they are at the head of the game.
Ultradata clients can register for the conference via our Client Community.