FASTER PAYMENTS BUILDING A BUSINESS,
NOT AN INFRASTRUCTURE
Presented by Jason McAllister
Product Owner | Payments and APIs Payments & Merchant Services | ANZ
Real-Time Payments Summit, Sydney
18th May 2018
PUBLIC
AUSTRALIA HAS BUILT A PLATFORM, RATHER THAN A SERVICE
NPP’s Tiered Architecture
Sources: Adapted from APCA website infographic
IT IS JUST ONE NEW TOOL IN OUR BOX, BUT PROVIDES THE BUILDING BLOCKS FOR FUTURE SERVICES
FOCUSING ON THE SALIENT FEATURES OF THE SYSTEM WILL PROVIDE GUIDANCE AS TO THE IMMEDIATE USE CASES
1. Fast settlement
2. Alternative addressing
3. Always on
4. Enriched data
5. Accessibility
6. Non-value messages
1
2
3
4
5
6
SOME POTENTIAL USE CASES, BUT THERE ARE MANY MODELS
SOME POTENTIAL USE CASES, BUT THERE ARE MANY MODELS
SOME POTENTIAL USE CASES, BUT THERE ARE MANY MODELS
SOME POTENTIAL USE CASES, BUT THERE ARE MANY MODELS
SOME POTENTIAL USE CASES, BUT THERE ARE MANY MODELS
THERE IS LIKELY TO BE SOME ADDITIONAL VOLUME CREATED
Velocity
Fragmentation: gig economy, expectations
Cash displacement
Retail cross-border (in time)
New services (not yet foreseen)
LIFTING TO 24X7 IS A STEP CHANGE: ACCESS AS A SERVICE
BUILD FOR OUR CUSTOMERS … AND OUR CUSTOMERS’ CUSTOMERS
“… Consumers don't really have a mobile payment problem. 95% of the time, paying with cash and credit cards actually works pretty well. Consumers have a mobile shopping problem. There's a difference ….”
Jack Stephenson, director of mobile, e-commerce & payments
JP Morgan Chase, in Wired Magazine, Feb 2012
THIRD PARTY INSTRUCTIONS WILL BE THE BIG DISRUPTOR / ENABLER IN REAL TIME PAYMENT SYSTEMS
SUBSET OF PAYMENT MACRO-TRENDS
KEY MESSAGES: REMOVE THE FUEL FROM THE FIRE
KEY MESSAGES: REPURPOSE CLEVERLY
Source: EDS
KEY MESSAGES: SOMETHING FOR EVERYBODY
KEY MESSAGES: PATIENCE IS A VIRTUE
Short term Medium term
KEY MESSAGES: JOURNEY, NOT A DESTINATION
Source: EDS
THANK YOU Presented by Jason McAllister
