Convenience is king for online transactions – and we’ve got just the thing for you with the New Payments Platform offering PayID as a fast, secure way for members to send money.
The New Payments Platform (NPP) is a payments system that provides Australian consumers, businesses and government simple payments through a fast, versatile, data-rich payments system.
So, how does it work? You’ll use a simple and easy to remember PayID, instead of needing bank account details such as account numbers and BSBs.
Something as straightforward as your mobile number, email address or Australian Business Number (ABN) can be used as your unique PayID.
A PayID cannot be used to take money out of an account – it can only be used to receive payments. If someone wants to pay you, all you need to give them is your PayID and vice versa if you are paying them.
When you make a payment to a PayID, you will be shown the name of the person you’re sending the payment to, prior to paying them.
With a PayID, you can make and receive payments anytime, any day (this includes outside normal business hours).
Get started with NPP
To make and receive faster payments you’ll need to be registered for Online Banking or The Cap App.
The next thing you should do is check that your email address and mobile number registered with The Capricornian are up to date. You can do this from within Online Banking or call us on 1300 314 900.
Once you’ve checked your details are up to date, you’re ready to register a PayID.
How do I sign up?
You can register your PayID now via Online Banking, mobile banking or The Cap App.
To register using the The Cap App, follow these simple steps:
- Download latest version of the app from the App Store or Google Play
- Log in to the App
- Go to Transfers
- Select the PayID icon
- Add New
- Select PayID contact details
- Select your preferred financial account
- Press OK
- Accept Terms & Conditions
- Verify PayID
To register using the The Capricornian Online Banking site, follow these simple steps:
- Log in to Online Banking
- Go to Settings
- Select Manage PayID
- Select Create PayID
- Select contact details
- Select your preferred financial account
- Verify PayID
- Accept Terms & Conditions
- Create
That’s it! You’re on your way to fast, easy and secure payments with a PayID through the New Payments Platform.
Looking for more information? Visit our page explaining ways you can access your money with The Capricornian.
If you have any questions or concerns, please contact us.
Eligibility criteria, terms and conditions, fees and charges apply.
