According to Hilston, while the capability to settle bulk transactions on the NPP exists today, there is still a little more work to do before payroll on the NPP becomes reality.
“There's a few things, I think, that we still need to develop into the broader platform to allow a broader uptake of payroll payments,” he said.
There are data integrity considerations that must be addressed, Hilston said.
“For instance, you know, you may be able to see an individual payment in the system for ‘Rob’ and the amount that you paid them, which might not be what you want to do for your payroll,” he said.
What is likely before payroll is ironed out, according to Mahoney, are some additional overlay services.
“The next one coming along that is being spoken about right now is the Mandated Payment Service,” he said.
“It’s NPP’s approach to a new form of direct debit which I think will be really innovative and a number of organisations are working on it right now.”
Listen to the podcast above to find out more.