An organisation that has joined Payments NZ as an Industry Member. Industry Members must have a genuine business interest in payment industry initiatives and want to play an active part in industry-focused strategic conversations and initiatives.
An organisation that has joined Payments NZ as an Infrastructure Member. Infrastructure Members must want to take an active role in the management of our clearing systems and provide infrastructure services related to the operation of those systems.
When one Participant sends payment information about a transaction to another Participant. This information includes things such as which customer account the money needs to be paid into or taken from, transactional information and who initiated the payment.