NPP Australia open up with 3 new sets of rules
As Australia headed into a double-header dual football code long weekend, NPP Australia released the first part of its application programming interface framework, kicking off with three sample APIs (or application programming interfaces). Jointly developed by NPP Australia and the interbank payments network SWIFT, the API framework defines the key technical approach and mandatory data attributes for NPP APIs, aligned to ISO 20022 standards.According to Adrian Lovney, chief executive officer of NPPA, the API framework will open up the NPP's infrastructure in a way that promotes standardisation and a consistent NPP experience."This framework will help third party service providers, software developers and participating financial institutions to tap into the benefits and capabilities of the NPP via APIs in a way that ensures inter-operability and consistency, regardless of the type of innovation they are focused on," Lovney said.The initial version of the framework contains samples for three APIs, which illustrate how the framework can be used: PayID Resolution Request Payment Initiation Request Payment Status RequestThe NPP API Framework will be extended over time. Work is underway on version 2.0, which will cover sample APIs for notification, payment cancellation and return requests.