Fast payments – the difference a year makes

Fast payments – the difference a year makes

This time last year, I reported on the lodgement of an industry proposal to develop new real-time payments architecture for Australia. Rashly, I suggested that:

– The Payments System Board would back the industry proposal (they did);
– APCA would publish the proposal in full, so everyone knew what we were on about (we did); and
– Industry collaboration on the new architecture would need to get going quickly if we were to have a shot at meeting the challenging timeframes set by RBA (and that happened too!)

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