Our industry working groups form the engine room of Payments Direction. These groups have a cross-section of people from across the industry whose focus is on investigating areas of opportunities and workstreams. Our current industry working groups are:

  • API working group – developed 15 key areas of a management framework to cover API access, standards and design constructs. 
  • Proxy identifier working group – developing the technical solution for a proxy identifier service.
  • Speeding up working group – tasked with considering how we might enable both faster payments and faster access to funds to continue to support a well-functioning economy.
  • Informative transactions working group – looking at ways informative transactions, which carry rich data and information, can be provided across the ecosystem.

 

Week of 20 May 2019

Working group: Joint API framework and pilot

This workstream has now concluded with the successful launch of the Payments NZ API Centre on 23 May. Find out more information about the API Centre including how to join on the new website.

 

Week of 15 April 2019

Working group: Proxy ID

The technical blueprint document has now been updated to reflect the feedback from the group. The finalised document will now be presented to the industry advisory group along with the business description in the coming months to inform next steps.

 

Week of 8 April 2019

Working group: Speeding up

This was the final session for this group’s second sprint, which was tasked with looking at ‘fast as’ bank-to-bank attributes. A report outlining the findings of the sprint will be presented to the industry advisory group.

Working group: Joint API framework and pilot

The group endorsed the standards development plan which will focus on v.2 standards, including enduring consent. V.2 would also incorporate useful insights from the UK’s Open Banking Implementation Entity’s v.3 and draft v.4 standards.

 

Week of 1 April 2019

Working group: Speeding up

The group collectively reviewed the gap analysis and decided whether these requirements should form part of the ’fast as’ foundation or if there were other future considerations.

Working group: Joint API framework and pilot

The project team provided an update of recent activity and a time line for activities to be undertaken by the Working Group and hand offs which must be ready leading up to the first API Council meeting. The Working Group provided verbal feedback on the pilot close, and endorsed the charters for the API Business and Technical groups.

Working group: API standards sub-group

The sub-group considered high level functional design for the development of the enduring consent API (i.e. how will the enduring consent be structured, how long might it last?). We’ve seen high demand for this feature from third parties. Enduring consent would provide customer consent to a third party. They can then initiate payments within an agreed set of parameters.

 

Week of 25 March 2019

Working group: Proxy ID 

The technical working group is currently reviewing an initial version of the proxy identifier technical blueprint. Feedback is due by 29 March. Updates will be incorporated into the document and presented to the group along with next steps.

The purpose of the technical blueprint is to provide the technical elements for the preferred centralised repository model. In conjunction with the business description, it will provide sufficient detail about this model.

 

Week of 11 March 2019

Working group: Joint API framework & pilot

The legal representatives of the working group organisations further reviewed the terms and conditions with a focus around indemnity and liability. The group was given a brief milestone update with highlights including the end of the pilot and release of v1.0.0 of the standards. The group also endorsed commencement of the technical development of the enduring consent API. The requirements for this have now been largely identified.

 

Week of 4 March 2019

Working group: Speeding up

The working group has carried out a gap analysis on the ‘fast as’ requirements. The purpose of this analysis is to call on the broad knowledge of working group organisations (which includes a mix of Participants and Members) to ensure that we are taking into account learnings from around the world.

Working group: Joint API framework and pilot

Legal representatives from the working group organisations attended today and reviewed the latest feedback on the terms & conditions of service. 

 

Week of 25 February 2019

Working group: API pilot

This workstream has now concluded. You can now view version 1.0.0 of the Payment Initiation and Account Information API standards on Confluence.

 

Week of 18 February 2019

Working group: Joint API framework and pilot

The group was presented with a recap of the pilot progress and upcoming milestones. It was agreed that the scope for API Provider conformance testing would be explored further by the API standards sub-group.

Working group: SBI-365

SBI365 requirements and draft rules have been circulated to Participants so they can complete their own internal analysis. Responses are at the end of March. We’ll then collate the responses for the BECS Management committee to review. We'll use this feedback to determine a preferred implementation roadmap.

 

Week of 11 February 2019

Working group: Joint API framework and pilot

We did a detailed review and feedback session of the Terms and Conditions by legal representatives from the working group organisations.

Working group: API standards sub-group

The group gave their support for publication of v1 standards. Following the completion of final changes to the industry pilot, the standards have been agreed ahead of release on 1 March. A draft development pipeline has also been discussed.

Working group: Speeding up

The working group considered the Payment Initiation API currently under development by the industry, and how it might be able to be leveraged to speed up payments.

 

Week of 4 February 2019

Working group: API standards sub-group

Working group members discussed and indicated initial support for the first elements of a development pipeline for the standards following the completion of the pilot and launch of the API service.

Working group: Joint API framework and pilot

We had a high level review and feedback session for version 3 of the Terms and Conditions. The draft conceptual design for enduring consent was also tabled.

 

Week of 28 January 2019


Working group: API standards sub-group

Our v1.0 standards have been updated to incorporate the functionality and majority of the additional resource capabilities of the UK Open Banking v2.0 of both the Account Information and Payments Initiation API standards.

Working group: Joint API framework and pilot

The group was presented with the project plan to take us through to the hard launch of the API service. It was noted that the conceptual design for enduring consent was close to being drafted. The governance documents to be handed over to the API service when it is launched, were agreed.

Week of 21 January 2019

And we're back

Happy New Year. Most of our working groups are now back in full swing for 2019. We’re excited for the year ahead, and look forward to once again working with the industry on shaping the future of payments in New Zealand.

Working group: Joint API framework and pilot

The pilot is on target to wrap up on 28 February. A pilot close report has been prepared and presented to the working group. An updated standards management framework, setting out how the API standards are managed and iterated going forward has been agreed.

 

Week of 10 December 2018

Working group: Proxy ID

We’ve now formed the proxy identifier technical working group and had the first meeting on 11 December. This first meeting laid out important groundwork for the working group and ensured members have a common understanding of goals and objectives ahead of starting in earnest next year.

And that’s a wrap for 2018

This is our last entry for the year. We’ll return in February 2019 when the working groups are back into the swing of things. Thank you to everyone across the industry who contributed to Payments Direction this year. Have a Merry Christmas and enjoy your summer break.

 

Week of 3 December 2018

Working group: API pilot

The group discussed and endorsed the standards management framework.

 

Week of 26 November 2018

Working group: API framework 

The group endorsed the proposed standards body governance structure which will include independent members within the API council. They also reviewed the access criteria and agreed further discussion was needed into the level vetting required to become accredited by the API service. The group also considered whether API users could rely on this for Know Your Customer (KYC) purposes.

 

Week of 19 November 2018

Working group: Joint API framework and pilot 

Pilot progress was discussed amongst the group. The second draft of metrics to be reported by API users was reviewed and the group provided some technical feedback.

 

Week of 12 November 2018

Working group: API standards sub-group

The group worked through a range of technical standards clarifications and issues for the post-pilot version of the standards that will be made available to the wider market. The group also walked through the UK’s “version 2” API standards and made decisions on which parts could be appropriate to adopt for our market.

 

Week of 5 November 2018

Working group: API pilot

The group discussed the API standards management processes which cover off how the standards should be managed on an ongoing basis. These processes include standards versioning policy, how the lifecycle of the standards will be managed, and how they will be published. They also discussed the current status of the pilot, and what progress has been made on the enduring consent API, which aims to enable and support a wide range of innovative payments use cases.

 

Week of 22 October 2018

Working group: API framework

The framework group endorsed the need for an industry sandbox to support functional testing and standards conformance testing for third parties. It was also agreed the sandbox provider should provide any standards management support. The group will consider the requirement for standards conformance testing for API providers in upcoming meetings.

Working group: API pilot

The working group provided guidance and agreed the high level standards management lifecycle flow. It was further agreed that it is a requirement to fully conform with mandatory API standards.

 

Week of 15 October 2018

Working group: API standards sub-group

The group reviewed and agreed on high level requirements for an industry sandbox test facility with further refinement required once the business recommendations have been agreed. We also began a high level review of the ongoing development of the NZ standards against the latest versions of Open Banking UK’s Payment Initiation & Account Information APIs.

Working group: Proxy ID

We are currently seeking expressions of interest from the industry for representatives to join the newly formed Proxy ID technical working group. This group will operate across short sprints of work to detail the technical requirements for the preferred central repository model. If you are interested in getting involved in this work, drop us an email.

 

Week of 8 October 2018

Working group: API framework

The group provided guidance on the risk and liability framework for when a third party passes customer data onto any other party, and the obligations on that third party to act responsibly and in line with customer instructions. The group also provided feedback on what API usage data should be reported so that usage dashboards can be produced.

Working group: API pilot

The pilot group provided guidance on what the short term standards development pipeline should be, and how that sits in relation to the new standards versions produced by the Open Banking Implementation Entity (in the UK). The group also provided guidance on the standards transparency policy (who gets access to what standards).

 

Week of 1 October 2018

Working group: API pilot

The group focused on the key features and mechanics of the enduring consent API standard, which will support ‘enduring consent’ for both payments and data. We also monitored and discussed modifications to the existing API standards that are underway.

Working group: API framework

In this session, the group reviewed the key high level themes coming out of recent focus group sessions we held with interested stakeholders on NZ’s API and payments ecosystem. We also discussed the delineation of responsibilities and obligations with respect to customer account data and information. We heard from a guest speaker on API metrics, and started considering what reporting mechanisms should be in place for performance and monitoring on the usage of our API standards.

Working group: API standards sub-group

In this session, the sub-group began work on assessing the technical specifications of an industry sandbox that will be made available to accredited third parties. This is being investigated as there was broad industry support for the inclusion of a test environment at recent focus group sessions we held with the wider payments ecosystem.

 

Week of 24 September 2018

Working group: API Standards sub-group

We released the draft of the two API standards from our pilot for Account Information and Payment Initiation. They’re now available on request to interested parties through our website.

Working group: Proxy ID

We will shortly be seeking nominations from our Participants and Members for representatives to join the newly formed Proxy Identifier technical working group. Shaun Clements has recently joined the Payments Direction project team and will be leading this new workstream.

 

Week of 17 September 2018

Working group: API framework

Today was a brief session where the framework ‘path to live’ approach was conceptually endorsed. This was followed by an informative presentation on some of the different Open Banking implementations around the world from David Beardmore of the Open Data Institute in the UK.

 

Week of 3 September 2018

Working group: API framework

This session was a recap of the proposed API service framework design and a review to ensure we continue to deliver against our plan. It was agreed that the framework working group would now meet less regularly as the focus moves from design to build.

Working group: Speeding up

The group finalised their recommendation to the industry, setting out a range of suggested next steps. This recommendation will be considered by our Industry Advisory Group in late September before next steps are agreed.

 

Week of 20 August 2018

Working group: API pilot

The pilot group considered the end-to-end risk profile to ensure the safety and security of those using the enduring consent API. They also considered how the consent management API might be extended to support request-to-pay use cases.

 

Week of 13 August 2018

Working group: Speeding up

The group reviewed a ‘fast-as’ strawman to determine if separate clearing and settlement rails could achieve fast as payments. They discussed benefits and learnings from the API pilot to determine whether it was fit for purpose. The group then finalised the key content for their recommendation to the industry advisory group. 

Working group: API standards sub-group

The standards group worked on defining how a centralised digital certificate management service could look as part of the API framework. The group explored how a centralised certificate management service could increase efficiency for API providers and third parties.

 

Week of 30 July 2018

Working group: Speeding up

The focus this week was assessing the payments value chain in detail across all clearing systems in order to identify where there may be opportunities to speed up those systems. The group also considered whether to enable ‘fast-as’ payments using the industry API framework. This will be investigated in more detail at the next meeting.

Working group: API framework

Great progress was made with further refining the common access agreement, and detailed terms and conditions. These are now in final draft and ready for wider consideration, including a legal review. The group is expecting to share and test components of the common access agreement and terms and conditions when focus group testing begins in mid-September.

 

Week of 23 July 2018

Working group: API standards sub-group

The week started with an end-to-end walkthrough of the account information API standard. Particular focus was on agreeing how account balances are to be defined. They also progressed the standards development efforts for the new Consent Management API.

Working group: API pilot

It was a busy week for this group as they got to work on getting business requirements for the consent management API across the line. Part of the discussion revolved around some of the finer details related to this API, such as how the payer account must be defined, how frequency of payment is managed, and how to ensure the right risk control tools are in place.

Working group: API framework

The focus of the group this week was on refining terms and conditions for third party providers looking to join the API service. An important part of this work is developing a common access document which sets out key access information and seeks to smooth the way for bilateral discussions between API providers and third parties.

 

Week of 16 July 2018

Working group: Speeding up

As part of the industry’s commitment to enable both faster payments and faster access to funds for Kiwis, the group revisited the strategic objective of ‘fast as’ payments. This involved looking back at consumer research on faster payments including how we can improve the timeliness and efficiency of our modern batch-based systems. We also reviewed a range of use cases to determine potential speeding up opportunities within the existing payment systems.  Further work on this initiative will be progressed in 2019.

Working group: API standards sub-group

A recent development is the review and progression of scope and business requirements for the consent management API. The group has come up with some initial draft standards and will be looking to share them more widely for industry feedback once they are better advanced. At this stage, this is expected to happen in the next few months.

 

Week of 9 July 2018

Working group: API standards sub-group

The technical sub-group met to further refine standards development following a full end-to-end walkthrough of the draft Payments Initiation standard. The group also began working on the first draft of standards for the new consent management API.

 

Week of 2 July 2018

Working group: API pilot

Business requirements for the industry pilot were discussed in detail and the group confirmed a minimum viable product approach will be taken in the short term for launch day.

They also workshopped what a customer-centric ‘one stop shop’ consent management process could look like to complement the development of the newly added enduring consent API. The development of this additional API came out of the work undertaken as part of the pilot. Enduring consent will strengthen the two pilot APIs and help to further simplify the customer journey.

Working group: API framework

Meanwhile, the API framework group continued to look at various roles that could be played by the standards body. The group’s view is that any standards body must support and encourage market led self-governance and innovation.

Working group: Proxy ID

The group wrapped up their recent investigations by finalising a next steps report. The report’s key recommendations included:

  • the establishment of a technical working group to produce a detailed business description document for the centralised proxy service, and
  • market testing of the proxy identifier solution with key stakeholders within the industry by running focus groups to socialise the proposed proxy solution and potential use cases. 

Week of 18 June 2018

Working group: Speeding up

The first sprint of the year kicked off and the group focused on reviewing their strategic objectives and scope. In particular they reviewed the current state of our existing clearing systems, and looked at some global trends and options which will ultimately help to develop the right-size solutions for speeding up our systems.

 

Week of 7 May 2018

Working group: API framework

The focus this week was on developing how the standards body would operate. The primary role of the body will be governing how organisations (including API providers and third parties) can access the standards, use them in market, and contribute to their ongoing development. In particular, the working group looked at confirming the role the standards body would play and the key services it will provide.