NPP payment messages can support more data, including up to 280 characters of structured or unstructured data. The ISO 20022 message schema captures and transmits this data in a way that can be customised for different payment types. These messaging capabilities present significant opportunities for enhanced business efficiency. To learn more about ISO 20022 visit www.iso20022.org
Benefits
Business automation: straight-through processing.
Improved reconciliation: automatically match a payment’s origin and its purpose.
Enriched reporting: align to reporting standards and regulations.
Financial crime prevention: include data such as a Legal Entity Identifier.
Payment initiation
Authorised Payment Initiation messages can be used to enable payments such as payroll, superannuation, supplier payments and invoices. Talk to your financial institution to find out more about using payment initiation messages or APIs on the NPP.
For guidance on using NPP payment initiation messages, click here
For guidance on mapping from DE files to NPP payments, click here
See a sample Payment Initiation API in the NPP API Framework
Message usage
NPPA is developing NPP message usage guidelines which define what data should be included for specific payment types to ensure smooth and efficient payments processing
See here for more information on NPP message usage for payroll, tax, superannuation payments and eInvoicing, click here
For payroll payments, click here
For tax payments, click here
For superannuation payments, click here
For eInvoicing Payments, click here
Transaction reports
Camt messages can be used to provide payment notifications, up-to-date account balances and statement information to customers and enable continuous, automated payments processing. Talk to your financial institution to find out more about receiving ISO 20022 camt messages or APIs for NPP payments.
See a sample Payment Notification API in the NPP API Framework.