2 That review was conducted over a two year period and involved extensive consultations with both the payments industry and with users of payments services. It found a number of areas where there was scope for system improvements that could be achieved through coordinated action.
The key areas were: •  same-day settlement of direct entry transactions;  •  faster payments and out-of-hours payments to be made generally available;  •  capacity for richer information with payments; and  •  an easy addressing solution for electronic payments.