New Payments Platform definition

New Payments Platform means the new payments platform operated by NPP Australia Limited.
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New Payments Platform means the new payments platform operated by NPP Australia Limited (this definition will apply to your account from 1 June 2018).
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New Payments Platform or ‘NPP’ means the new payments platform operated by NPPA.
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Examples of New Payments Platform in a sentence

  • A PayID is a smart address used to receive payments through the New Payments Platform instead of using your account number and BSB.

  • The PayID service is an addressing service that allows you to receive payments through the New Payments Platform into your account using a unique identifier instead of the BSB and account number (for example, a mobile phone number, email address or an ABN).

  • A PayID linked to your ANZ account can be used by others to make payments to you through the New Payments Platform without having to enter your account number and BSB, where they are permitted to do so by their financial institution.

  • You should always allow sufficient time for payments from your account to be received by the payee if they cannot be made using the New Payments Platform or Osko®.

  • If we receive a message through the New Payments Platform 2 that a payment will be made to your account, we may credit the amount of the payment to your account even if we have not yet received the payment.

  • If the New Payments Platform cannot be used for any reason, we will try to make the relevant payment from your account through other available payments systems, and the other terms of this section 2.14 will generally apply.

  • If a payment from your account is eligible to be processed through the New Payments Platform, including through Osko® 3, it may be processed as a payment to the payee in near real time, including on a non-business day, and in that case will be applied to your account effective on the date on which it is processed.

  • In the case of a recurring payment that is due to be paid on a non-business day, this means that the payment will be made on that day if processed in near real time through the New Payments Platform.

  • Unless the payment was processed through the New Payments Platform or Osko®, the funds must be forwarded to ANZ within 2 business days of the expiry of this period.

  • The Customer shall pay the Provider the price of the Service by way of electronic transfer using Credit Card, Internet Banking (EFT), PayID (New Payments Platform) or such other method of payment as shall be agreed by the Provider and the Customer from time to time.


More Definitions of New Payments Platform

New Payments Platform means the new payments platform operated by NPP Australia Limited. ‘Osko®’ means the Osko® payment service provided by BPAY® Pty Ltd using the New Payments Platform. ‘PIN’ means Personal Identification Number and includes an action number and password.
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Related to New Payments Platform

  • Trading Platform means all programs and technology that present quotes in real-time, allow the placement/modification/deletion of orders and calculation of all mutual obligations of the Client and the Company.

  • Approved Electronic Platform has the meaning assigned to it in Section 8.03(a).

  • Platform has the meaning specified in Section 6.02.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.