Revolutionising bulk payment processing with the New Payments Platform (NPP)
The New Payments Platform is designed for real-time, single payments. While it excels in speed and efficiency for individual transactions, it doesn’t handle bulk payments like BECS does. Banks, credit unions and fintechs processing bulk transactions face challenges such as:
- breaking down bulk payments for NPP processing
- managing the volume of individual payments without overloading systems
- recompiling transaction statuses for reporting and reconciliation.
These inefficiencies add time, cost and complexity to bulk payment processes.
De-bulk, re-bulk, and stay compliant
MessageXchange bridges the gap between bulk payment functionality and the NPP’s requirements. Our solution simplifies the process by:
- De-bulking bulk payments: Breaking down bulk payment files into individual transactions ready for NPP processing.
- Throttling payments: Throttling payments to align with processing capacity as required
- Re-bulking payment statuses: Aggregating transaction outcomes back into a bulk format for seamless reporting and reconciliation.
Our flexible solution integrates with your existing systems, offering a smooth and efficient transition to the NPP for bulk payments.
A smarter way to process payments
By choosing MessageXchange, you can:
- Ensure compliance: Align with NPP requirements while meeting customer needs.
- Manage complex workflows across multiple payment methods: Route payments through BECS or NPP based on your customers’ needs. Our solution allows you to process files and direct transactions to the most effective option for their needs.
- Reduce operational burden and costs: Automate processes and eliminate manual intervention.
- Enable bulk payment functionality: Use the NPP for bulk payments without costly system overhauls.
- Improve efficiency: Streamline the flow of payments and statuses between your systems, and your customers.
- Trust in proven expertise: We are already a service provider to leading banks, ensuring reliability and deep industry knowledge. We’re also a supplier to banks and government agencies today.
- Rely on bank-level security: Our systems are certified to ISO 27001, providing the highest level of data security and ensuring peace of mind.
With MessageXchange, you’re not just choosing a solution, you’re choosing a partner who understands the unique challenges of banking and payments.
Why choose MessageXchange: Your trusted partner in payments innovation
MessageXchange has over 28 years of experience delivering cutting-edge solutions. We work with some of the most recognised organisations, including banks, retailers such as Freedom, The Good Guys and Target, as well as the NSW Government, the ATO, and New Zealand’s Inland Revenue. We have a proven track record of reliability, scalability, and security.
Let us help your bank stay ahead in a rapidly evolving payments landscape >> messageXchange
