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Real-time Payments for Banks

Real-time Payments

Putting you at the forefront of Real-time Payments innovation

Driving innovation in payments is about more than just speed. It’s about transforming payments from an essential service to an enabler of enhanced customer experiences.

As one of Australia’s largest independent providers of real-time payment solutions, we have the expertise, scale and infrastructure to maximise every opportunity the New Payments Platform (NPP) offers.

Our real-time payment solutions enable banks, payment service providers (PSPs) and corporates who process payments on behalf of customers to:

  • Build new innovative services on top of core capabilities to acquire and retain customers
  • Embed modular NPP capabilities into proprietary systems and processes to solve business challenges and customer pain points
  • Improve ongoing liquidity and access to funds with real-time validation, processing, clearing and settlement
  • Increase employee productivity and improve workflow management by reducing the manual handling of payments
  • Enhance reconciliation processes with data-rich payments and real-time settlement

Real-time payments for banks

While Australia’s payment ecosystem makes shifting money quick and simple for customers, the mechanics behind it are complex. Cuscal can simplify the entire real-time payment process for banks.

Through a single integration, you can unlock all the features of Cuscal’s NPP services for back-office systems, customer-facing channels, and support teams.

Benefits of connecting to real-time payments include:

  • Real-time validation and processing of payment instructions enabling immediate customer notifications
  • Real-time clearing and settlement for immediate funds availability
  • Streamlined operational processes for managing investigations, payment returns and disputes
  • PayTo® payer and initiation services for delivering an enhanced customer experience and control over payments from bank account
PayTo® is a registered trademark of NPP Australia Limited.

Key Takeaways

  • Banks can integrate with us to offer NPP and PayTo services to their customers so they can make and receive real-time payments.
  • Banks can register PayIDs for each customer to receive funds into their account in real-time.
  • Banks can offer customers the ability to authorise and manage PayTo payment agreements via their banking channels.
  • Enable your customers to receive cross-border real-time funds from participating banks and remittance service providers.

Additional Information

Banks want to offer the New Payment Platform (NPP) and PayTo to their customers to make and receive real-time payments into their bank accounts.

Using Cuscal’s NPP and PayTo Services:

  • You can offer your customers more product options and an enhanced customer experience.
  • You can enable your customers to make, receive and settle real-time payments.
  • You can register PayIDs for each of your customers to receive funds into their account in real-time.
  • Your customers have the ability to authorise and manage PayTo payment agreements via your banking channels.
  • You can be cost-effective in your technology investments.
  • You can stay up to date with the latest payment technology and standards.
PayTo® is a registered trademark of NPP Australia Limited.

Using Cuscal’s International Payments Service your customers can receive credit funds from cross-border transfers in real time when the sending bank or remittance provider uses NPP.

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