Banking Definitions

Direct Entry (DE) Batch Processing

Direct entry (DE) is a cost-effective, batch-based payment service that allows money to be easily transferred between individual accounts at Australian financial institutions.

New Payments Platform (NPP)

The New Payments Platform (NPP), operated by New Payments Platform Australia Ltd (NPPA) is an industry-wide payments platform for Australia. The New Payments Platform (NPP) is a world-leading domestic payments infrastructure that enables connected Australian financial institutions to offer their customers – consumers, businesses and government agencies – near real-time, data-rich inter-bank payments 24 hours a day, 7days a week