Exciting Announcement

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Your local bank has some exciting news to share

Today marks a significant milestone for South West Credit and we would like to thank all of our customers for their patience last night as we performed a significant upgrade to our banking system.

The upgrades performed last night will provide our customers with access to a new and exciting payment channel that is coming in 2018 called the New Payments Platform (NPP).

The NPP will make payments faster, simpler and smarter. There will be five main benefits to the NPP when it starts:

  • Speed. It allows people to make payments in real-time.
  • 24/7 availability. Transfer money any time of day or night.
  • Greater information. People will be able to send much more information with each payment, rather than be constrained to the current limit of 55 characters.
  • Simpler. People will be able to use email addresses, mobile phone numbers or other common information to identify their accounts, rather than BSBs and Account Numbers.
  • Certainty. When you transfer money using the NPP you will receive confirmation it’s going to the right place.

We are pleased to be at the forefront of this exciting new payment technology.

Watch this space – we will be providing updates as the launch of the NPP draws closer.

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