Real-time payments for Banks

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.

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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.

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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Real-time Payments for Banks