Swift, Fiserv to build Australia’s new payments platform

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[1] Swift, a global payment provider, has signed a legal contract to operate Australia’s newest central utility payments.

[2] New Payment Platform (NPP) provides on the spot settlements, direct & low payment orders, and real-time retail payments monitoring.

[3] The NPP project is estimated to cost $1 Billion.

payment system

Source: http://www.itnews.com.au/News/398400,swift-fiserv-to-build-australia8217s-new-payments-platform.aspx#ixzz3Ku0Sq96y