Get ahead with faster and smarter payment solutions

Welcome to the new payments universe. NAB’s innovative suite of real-time payment solutions uses Australia’s New Payments Platform (NPP) to provide fast, easy, secure and data-rich payments that help your business save time and resources – and provide your customers with more choice and control.

The solutions enable businesses, governments and their customers to make and receive payments almost instantly, directly from one account to another – 24 hours, seven days a week, 365 days a year.

Our specialists are here to help too. They have a proven record of brilliant delivery and will support you through your implementation journey.

Solutions

Pay by Bank (PayTo®)

Bringing together the functionality of PayTo and e-commerce capabilities of global fintech Banked, Pay by Bank is a cutting-edge technology solution that provides  businesses and governments with a fast, simple and secure way to initiate one-off or recurring payments directly from customers' bank accounts.

It also provides your customers with several benefits  including more control, choice and visibility over payments.

PayTo is the industry replacement for direct debit and can also be used in an e-commerce or bill payment environment as an alternative payment channel.

Benefits for your business

  • Cost effective: cost efficient solution with no dishonours or chargebacks and minimal transaction disputes.
  • Receive funds faster: real-time payments and processing that can improve cashflow and forecasting.
  • Save time and resources: improve operational efficiency with reduced errors and automated payment reconciliations using real-time API (Application Programming Interface) payment confirmations.
  • Greater transparency and control: real-time notification when a PayTo agreement is cancelled or payment fails, enabling faster resolution and churn management.
  • Improve customer loyalty: seamless payment experiences and account-on-file solutions provide an enhanced customer experience.
  • Reduce fraud and risk: account details and sufficient funds are validated upfront, reducing the risk of fraud.
  • Fast implementation with dedicated support: Pay by Bank is highly agile and easily integrated into existing payment gateways. A unique user interface can be built and dedicated support is provided throughout the implementation journey.

Benefits for your customers

  • Real-time fund transfers: payments and credits are processed in real-time, allowing customers to stay updated on their account balances.
  • Easy to use: quick initial set up and then fast, single-click checkout experience for return purchases.
  • Convenient: no need to remember card, account or reference details – customers simply enter their PayID. If preferred, BSB and account numbers can be used.
  • Greater visibility and control: view, approve and manage regular payments in their bank account.
  • Cost effective: more cost effective than payment channels where surcharge is passed on.
  • Secure and lower risk of fraud: no need to share card or BSB/account details with seller during set up. PayTo agreements are managed in secure banking app with features such as two-factor authentication and biometrics.

PayID® solutions

Businesses and governments can receive payments via an easy-to-remember PayID.

The PayID is linked to a nominated bank account and referenced on customer invoices or bills. Customers can easily make payments to the PayID via their bank account and receive confirmation of payment in real-time.

Benefits include

  • Easier: using a unique PayID, it’s easier for customers to make payments and businesses to reconcile payments.
  • Fast: payments are sent and received in real-time, even between different banks.
  • Simple: PayID is a memorable piece of information so it’s easy to remember.
  • Accurate: customers can check that their money is going to the right person or business before they press send.
  • Avoid errors: no need to enter BSB, account numbers or reference numbers.
  • Secure: helps protect businesses and customers from scammers who may intercept invoices and change payment details.

Fast Payments API

Enables simple, secure and real-time transfer of funds between accounts via Australia’s New Payment Platform (NPP). Businesses and governments can securely integrate into NAB’s payment gateway and process payments directly from their finance systems to seamlessly pay suppliers or their customers, with payments made in real-time.

Benefits include

  • Simpler: businesses can initiate payments directly from their own systems via API i.e. through ERP (Enterprise Resource Planning).
  • Saves time and errors: no need to manually key in payment data, businesses can schedule or create automated workflows.
  • Flexibility: ability to pay directly to a PayID or to a BSB and account number.
  • Greater visibility: data-rich payments with up to 280 characters and real-time visibility of payment status.
  • Faster payments: reach the payee in real-time 24 hours a day, seven days a week, 365 days a year.
  • Industry payment formats: send ISO 20022 formatted payments, leveraging data-rich messaging, and enjoy greater flexibility.

Cash management solutions

Offers businesses a new fast, simple and secure way to initiate one off or recurring payments directly from your customers bank account.

Transaction banking

Enables instant, secure and real-time transfer of funds between accounts via Australia’s New Payment Platform (NPP).

Payment solutions

An easy way to make and receive payments without requiring BSB and account numbers.

Thank you to our valued customers

Australia’s largest businesses have recognised NAB Corporate & Institutional bank across a range of relationship and product categories in the 2024 Peter Lee Associates Surveys.* 

Learn more about how NAB performed , opens in new window


Peter Lee Associates 2024. Ranking against the four major domestic banks.
*#1 for Overall Satisfaction with Products and Services, Large Corporate and Institutional Relationship Banking.
+#1 for Relationship Strength Index, Transaction Banking Survey, and
#1 for Relationship Strength Index, Debt Capital Markets Survey.

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Important information

PayID® and PayTo® are registered trademarks of NPP Australia Limited.