RBA warns banks on delays to new real-time payment features
Reserve Bank governor Philip Lowe has written to major bank chief executives seeking reassurance they will be ready to launch delayed features for the real-time payment system by April next year, as the central bank warned banks to improve the reliability of the platform.
In his first public speech as head of payments policy at the Reserve Bank, Ellis Connolly said there were too many outages on the new payments platform and reliability of the real-time system must be improved.
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