October news update:

Recurring bill payments to help boost NPP real time migration

By Warwick Ponder, Managing Editor and Peter Drennan, Senior Business Analyst

Shifting enterprise and recurring bill payments to the New Payments Platform (NPP) forms part of a plan to accelerate the migration of transactions onto the real time network, as the industry races towards the proposed closure of the Bulk Electronic Clearing System (BECS) in 2030.

Australian Payments Plus (AP+), which runs the NPP network, yesterday said it was taking an active role in enabling the migration of BECS volume to the NPP through a comprehensive program of work across its product, operations, commercial, delivery, and technology teams.  

Canberra abuzz with talk of unfair debit card fees

By Gabby Taylor, Senior Education Correspondent 

The nation’s capital is buzzing with discussions about unfair debit card fees and their impact on the economy, small businesses and consumers.

Members of the Independent Payments Forum (IPF) were at Parliament House on Wednesday to present a list of initiatives to help reduce the cost of living by slashing fees on billions of debit card payments for Aussie businesses and, in turn, significantly cutting surcharging.

PayNews is a publication produced by the Independent Payments Forum. For any enquiries regarding PayDay News, please contact admin@ipforum.com.au