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NEW PAYMENTS PLATFORM
DISRUPTING THE
PAYMENTS MODEL
AGENDA
How payments are changing in Australia
PAGE 1
How the NPP will impact payments
How Cuscal can position you for the ...
HOW PAYMENTS ARE
CHANGING IN AUSTRALIA
EXPLORING THE FOUR TRENDS
PAGE 2
Innovative new offers
by competitors
Increase revenues from innovative
new offers and business models
Margin compression
I...
TREND #2
Increasing volume of non-cash transactions
Growth in debit cards shows
positive use of bank account
balance for d...
TREND #3 Disruption from fintech startups
Up-and-coming fintech
companies are playing a key
role in reshaping payments
Glo...
Agile development enables
banks to test and learn from
their target markets
They can respond quickly
to changes in require...
HOW THE NPP WILL
IMPACT PAYMENTS
PAGE 7
THE IMPACT
During these times of change
the launch of the NPP in 2017
will support the
banking industry.
PAGE 8
PAGE 9
THE IMPACT
 Each transaction settled individually,
in real-time, between participating
financial institutions
 Wi...
PAGE 10
NEW PAYMENTS PLATFORM
By the end of 2017 the NPP will offer: 24/7 payments, faster payments, an
addressing service...
Open
24/7
Low value
payments
Rich data
messages
Addressing
Service
Real time
settlement
Individual
transaction
settlement
...
PAGE 12
INTRODUCING ‘PAYMENT REQUESTS’
A GAME CHANGING PAYMENT TYPE
Sarah splits a
restaurant bill
with her friends
Sarah ...
HOW CUSCAL CAN POSITION
YOU FOR THE NPP
PAGE 13
The founding Participants which
have invested in building the NPP
PAGE 14
OUR ROLE
Cuscal will connect
directly to the NPP –
some participants will
connect via agency
arrangement.
PAGE 15
OUR ROLE
Craig Ke...
NPP Australia Ltd
sets the rules, runs
the NPP, owned by
the 12 founding
members including
Cuscal
PAGE 16
NPP STRUCTURE
Pa...
Reserve
Bank
6
Other NPP
Participant
or their client
PAGE 17
WE CONNECT
1 Payer from Cuscal’s
client sends payment
2 Addre...
PAGE 18
WE CONNECT
Other NPP
Participants
Core
Banking
System
Basic
Infrastructure ?
Web Service
Proprietary
Trust Model
S...
THANK YOU. PAGE 19
REQUEST FOR MORE INFORMATION
If you have any questions about
Cuscal’s NPP Services, please email:
npp@c...
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Australia's New Payments Platform - disrupting the payments model

Australia's New Payments Platform will launch in 2017, allowing real time payments between individuals, companies and different tiers of government.

Cuscal, alongside the Reserve Bank of Australia and the major banks, is one of the organisations that is currently designing how this vital new infrastructure will function.

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Australia's New Payments Platform - disrupting the payments model

  1. 1. NEW PAYMENTS PLATFORM DISRUPTING THE PAYMENTS MODEL
  2. 2. AGENDA How payments are changing in Australia PAGE 1 How the NPP will impact payments How Cuscal can position you for the NPP
  3. 3. HOW PAYMENTS ARE CHANGING IN AUSTRALIA EXPLORING THE FOUR TRENDS PAGE 2
  4. 4. Innovative new offers by competitors Increase revenues from innovative new offers and business models Margin compression Increased revenues from new products, distinctive digital sales and using data to cross-sell Lower operational costs from automation/digitalization and transaction migration Increased operational risk TOTAL TOTAL Source: McKinsey analysis PAGE 3 TREND #1 Digital transformation in banking Potential threats Potential opportunities +5 +10 +30 +45 -13 -16 -6 -35 Digital innovation in retail banking offers potential threats and opportunities. Up to 35% of net profit eroded for digital laggards. Over 40% of net profit upside for winners.
  5. 5. TREND #2 Increasing volume of non-cash transactions Growth in debit cards shows positive use of bank account balance for digital purchases. Source: RBA’s 2014 report ‘The Changing Way We Pay’. PAGE 4 When their bank account can be accessed conveniently, customers are happy to use their own funds. Non-cash transactions per capita in Australia
  6. 6. TREND #3 Disruption from fintech startups Up-and-coming fintech companies are playing a key role in reshaping payments Global Fintech financing has grown from less than $930 million for the whole of 2008 to over $1.04 billion in the month of October 2014 alone. Source: KPMG PAGE 5 Future Earnings Fintech financing activity Fin tech startups are building niche products that meet the needs of specific segments more effectively than the incumbents
  7. 7. Agile development enables banks to test and learn from their target markets They can respond quickly to changes in requirements It reduces the risk of launching products that don’t meet the needs of their target market PAGE 6 TREND #4 Major banks are using customer-centric approaches
  8. 8. HOW THE NPP WILL IMPACT PAYMENTS PAGE 7
  9. 9. THE IMPACT During these times of change the launch of the NPP in 2017 will support the banking industry. PAGE 8
  10. 10. PAGE 9 THE IMPACT  Each transaction settled individually, in real-time, between participating financial institutions  Will support additional transactional data  Easily extended to enhance user experiences for consumers and businesses Australia’s NPP will raise the bar:
  11. 11. PAGE 10 NEW PAYMENTS PLATFORM By the end of 2017 the NPP will offer: 24/7 payments, faster payments, an addressing service and the first overlay service (the Initial Convenience Service) FASTER PAYMENTS MORE INFORMATION ADDRESSING SERVICES OVERLAY SERVICES Payments in real-time, with close to immediate funds availability, 24 hours a day seven days a week Greatly increased amounts of data (up to 100kb/message) can be sent with payment information Payments can be initiated using mobile phone numbers, email addresses, or Australian Business Number (ABN) as opposed to BSB and Account Number Market driven tailored payment solutions
  12. 12. Open 24/7 Low value payments Rich data messages Addressing Service Real time settlement Individual transaction settlement Irrevocable funds Reconciliation Data NPP Direct Entry RTGS Cards BPay PAGE 11 THE NPP DISRUPTS EXISTING PAYMENTS PRODUCTS A SPECTRUM OF BENEFITS FOR THE CUSTOMER, BUSINESS AND BANKS
  13. 13. PAGE 12 INTRODUCING ‘PAYMENT REQUESTS’ A GAME CHANGING PAYMENT TYPE Sarah splits a restaurant bill with her friends Sarah requests payment from each friend Sarah confirms her friends’ identities in real time, requests an amount from each, and by when Friends receive request with amount, due date, and deposit details After a couple of clicks from each friend Sarah receives the payments immediately
  14. 14. HOW CUSCAL CAN POSITION YOU FOR THE NPP PAGE 13
  15. 15. The founding Participants which have invested in building the NPP PAGE 14 OUR ROLE
  16. 16. Cuscal will connect directly to the NPP – some participants will connect via agency arrangement. PAGE 15 OUR ROLE Craig Kennedy, Cuscal CEO, is on the board of NPP Australia Ltd. Cuscal has senior executive representation on all 5 NPP Working Groups. Our dedicated technical, product and marketing experts will ensure clients are able to offer their customers immediate, convenient and assured payments around the clock.
  17. 17. NPP Australia Ltd sets the rules, runs the NPP, owned by the 12 founding members including Cuscal PAGE 16 NPP STRUCTURE Participant is a shareholder and contributes to the design:  Full Participant (Cuscal) connects directly  Other Participants will connect via Full Participants Account Servicer – needs Participant to connect them to the NPP and may offer additional services to customers. Customer – procures services from Participants, Users and Overlay Providers as either a payer or payee. Overlay Provider leverages the real time and data capabilities of NPP and establish standardised customer experiences for transaction processing
  18. 18. Reserve Bank 6 Other NPP Participant or their client PAGE 17 WE CONNECT 1 Payer from Cuscal’s client sends payment 2 Address Lookup 3 Clearing Request 4 Clearing Response 5 Settlement Request 6 Settlement Notification Cuscal’s Client Other NPP Participant 3 4 6 1 NPP Basic Infrastructure and Addressing Service 2 5
  19. 19. PAGE 18 WE CONNECT Other NPP Participants Core Banking System Basic Infrastructure ? Web Service Proprietary Trust Model Swift Trust Model ISO 20022
  20. 20. THANK YOU. PAGE 19 REQUEST FOR MORE INFORMATION If you have any questions about Cuscal’s NPP Services, please email: npp@cuscal.com.au

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