Aussie Group to Beef Up Country’s Payments System (Aug. 28, 2014)
Australian banks, retailers and other payments stakeholders have formed the Australian Payments Council to ensure the country’s payments system meets the needs of consumers and businesses by fostering development of innovative, secure and competitive payment services, according to an announcement. The council will identify industry issues and emerging trends in the payments environment and generate common industry positions for action and adoption by the industry, with endorsement by the Reserve Bank of Australia’s Payments System Board and other payments industry organizations, such as the Australian Payments Clearing Association (APCA).
Initial payments council members include: ANZ, APCA, Commonwealth Bank, Cuscal, eftpos Payments, First Data, National Australia Bank, PayPal, RBA, Suncorp-Metway, Visa, Westpac and Woolworths. Earlier this week, the council appointed Christine McLoughlin chairman. She has experience across a range of business sectors, including financial services, mining and resources, science and technology, telecommunications, health and education.
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