All payments are part of the Australian Payments System, The system is built upon five clearing streams of direct debit and electronic transfers, cards, cheques, high value, and cash.
At the Women in Payments Symposium held in Sydney on 21 November 2017, Trish McGinness, our Manager Compliance, received the Distinguished Payments Professional Award in front of some 300 delegates. We’re thrilled that Trish has been recognised with this prestigious…
Earlier this month, I took part in the second meeting of the ISO/TC 307 blockchain and distributed ledger technologies in Tokyo, Japan. The group’s membership has significantly expanded since the inaugural meeting in Sydney. There were some 150 delegates, across…
The RBA recently published its 2016 Consumer Payments Survey. Key findings were that survey participants made 37% of their payments with cash (compared to 69% in 2007) and 52% of their payments with a card (compared to 26% in 2007). This…
On 20 September 2017, the Reserve Bank of Australia (RBA) released the second banknote in the Next Generation Banknote (NGB) program. We are pleased to be coordinating industry efforts to transition from old notes, released nearly 20 years ago, to…
On a recent visit to the United States, I was fortunate enough to spend some time with a variety of Silicon Valley firms involved in the payments industry. I was struck by the similarities and differences in payments between the…