New Payments Platform (NPP)

What is the New Payments Platform?

The New Payments Platform is the shared infrastructure Australian banks use to move money between accounts in real time, at any hour, every day of the year. It underpins services people already use, including Osko transfers, PayID addressing, and PayTo agreements. For a finance team, the practical shift from older batch systems is speed: a supplier payment sent over the NPP can settle in seconds rather than waiting for the next scheduled clearing run.

Why it matters for Australian finance teams

Real-time settlement is convenient but unforgiving. Once an NPP payment clears, the funds are usually gone within seconds and are very hard to recall, which is why authorised push payment fraud has grown alongside instant payments. If a fraudster tricks your team into sending to the wrong account, there is no overnight window to catch the mistake. The Reserve Bank of Australia and industry bodies have pushed name-checking measures precisely because instant rails leave little room to unwind an error.

How ezyshield helps

Because NPP payments cannot be relied on to be reversed, the right time to catch fraud is before you send. ezyshield verifies the person, validates the business through ABN and ASIC records, and confirms bank account ownership before money moves, so a real-time payment is not the first moment anyone checks who is on the other end. Any change to the details triggers re-verification, and every check is written to an append-only audit trail that is logged and never edited or deleted. See how it works and Confirmation of Payee.