Think of New Payments Platform (NPP) as the infrastructure that provides the technical platform on which new payment systems can be built. These payment systems allow you receive funds between participating banks in Australia using an eligible BSB and account number or a PayID linked to your bank account.
Two NPP payment systems used include Single Credit Transfer and OSKO.
Currently, Heritage only accepts NPP Single Credit Transfers (SCT). If someone sends a NPP OSKO payment to your Heritage account, most banks will convert the payment to SCT to allow Heritage to receive it. However, some banks may not convert the transaction so an alternative payment method is required. In these instances, you will need to provide your BSB and account number (instead of your PayID) to receive the payment via NPP.