Fast payments – the difference a year makes
This time last year, I reported on the lodgement of an industry proposal to develop new real-time payments architecture for Australia. Rashly, I suggested that:
- The Payments System Board would back the industry proposal (they did);
- APCA would publish the proposal in full, so everyone knew what we were on about (we did); and
- Industry collaboration on the new architecture would need to get going quickly if we were to have a shot at meeting the challenging timeframes set by RBA (and that happened too!)