PayTo has been built by the same people who brought us PayID and Osko, the New Payments Platform Australia (NPP Australia), and in collaboration with banks and payment industry.
Here’s an overview of PayTo security and privacy:
Authorisation |
PayTo payments can only go through once you’ve pre-authorised the agreement. |
Who sees what |
The only people who can see or retrieve your PayTo agreements are the merchant you enter into the agreement with and their bank, and you and your bank. |
Agreements |
PayTo agreements are stored in an encrypted database managed by NPP Australia, the organisation behind PayID and Osko. |