Payments News

Global

NPP is ‘attempting to address’ fraud risks: RBA

“The New Payments Platform launched in February, but participants and the platform itself continue to negotiate fraud risks, the Reserve Bank of Australia has revealed. Assistant financial system governor at the RBA Michele Bullock told an audience in Sydney on Tuesday that there’s a lot happening in the payments space as participants and platforms work to create seamless experiences. However, when it comes to the New Payments Platform (NPP), there’s still work to be done to address fraud risks.”