Cards
Cards are the most common payment method in Australia today.
Network
Australian Payments Network is at the heart of the payments system.
AusPayNet oversees the systems that support much of Australia’s payments infrastructure, and we bring together a community of financial institutions, payment service providers, technology companies and regulators.
We manage systems for cards, cash, cheques, electronic funds transfer and high-value payments, through the development and management of standards, rules and guidelines.
We drive collaborative decision-making among the organisations and individuals that we bring together in:
- management committees dedicated to payment instruments
- the Issuers and Acquirers Forum
- working groups focused on new technology and emerging policy
The payments mix is rapidly evolving. Consumers and businesses are consistently choosing cards and electronic payment methods over cash and cheques.
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Cash
Cash is still an important part of the payments system.
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Cheques
Cheques account for less than 2% of all non-cash payments.
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Direct Debit & Direct Credit
Direct entry is an easy way to make and receive payments from everyday accounts.
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High Value
High value payments are typically made between financial institutions.
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COIN
Community of Interest Network (COIN) is a network for secure transmissions.
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