New Payments Architecture (NPA) Prospectus

Issue 510 | 10 July 2023

Welcome to this New Payments Architecture (NPA) update from Payments:Unpacked - in this special NPA subscriber edition we feature a New Payments Architecture prospectus and an updated on the mandatory data required in NPA ISO 20022 messages from Pay.UK and the latest NPA insights update from ACI Worldwide.

---

New Payments Architecture (NPA) Prospectus

Pay.UK have published a new prospectus to highlight the substantial benefits that they anticipate the New Payments Architecture (NPA) platform can bring.

With input from specialists across the programme, the brochure offers a detailed overview that covers:

• payment file submission options

• describes new “flavours” of Faster Payments

• outlines fraud prevention initiatives

• explores the potential opportunities offered by Account to Account (A2A) payments

• describes potential settlement account funding options

• introduces the debate to define the future for Bacs Direct Credit and Direct Debit payments

• introduces new connectivity options.

Download the prospectus from Pay.UK here: https://lnkd.in/etyim_kJ