IBM signs payment platform gig with Department of Human Services in Australia

Friday 20 March 2020 07:42 CET | News

IBM has signed USD 15 million contract to set up and deploy infrastructure for Services Australia’s new payment utility platform.

The three-year contract signed with the agency, formerly known as the Department of Human Services, includes hardware, software, and services to design, build, install and support the solution. The platform designed and built by IBM aims to streamline sending and receiving payments.

The appointment comes as part of the federal government’s transition to its New Payment Platform, which first went live in November 2017 and formally launched publicly in early 2018, according to ARN Net. Centrelink was one of the services moved onto the platform, with the department claiming it now allowed recipients to claim welfare payments instantly.

Once deployed, the platform will be used to process payments between government and third parties, including customers, across services such as Centrelink, child support and Medicare.

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Keywords: hardware, software, IBM, payments , utilities, bills, Australia
Categories: Banking & Fintech
Countries: Australia
This article is part of category

Banking & Fintech