Standards
We represent industry on domestic and global standards bodies.
AusPayNet is at the front line in the development of global standards to support secure innovation in payment technologies. These include key Australian standards as well as global ISO and PCI standards for card and PIN security, tokenisation and key management.
We are an active participant in the activities of the International Organization for Standardization. Currently, we contribute to:
- ISO TC68 - Financial Services: Standardisation in the field of banking, securities and other financial services.
- Fintech Technical Advisory Group
- ISO TC68 SC2 - Financial Service, security
- WG 11 - Encryption algorithms used in banking applications
- WG 13 - Security in retail banking
- ISO 20022 - Universal financial industry message schema
- Registration Management Group
- Payments Standards Evaluation Group
- ISO TC307 - Blockchain and Distributed Ledger Technologies: Standardisation of blockchain technologies and distributed ledger technologies.
We also participate on domestic mirror committees for ISO work through Standards Australia, including:
- SA IT-005 Financial Transaction Systems: Standardization in the area of electronic funds transfer and involvement in ISO work on this and related subjects
- SC 03 - Message Content and Format
- SC 04 - Authentication And Security
- SC 08 - Financial Instruments
- SA IT-041 Blockchain and distributed ledger technologies: Standardisation of blockchain technologies and distributed ledger technologies.
Other standards related bodies we participate on include:
- SWIFT Australian National Member Group
- SWIFT Australian User Group
- PCI SSC Payments Card Industry Security Standards Council (Affiliate member)
- FIDO Alliance (Liaison member)
Resources
We bring rigour to the application of self-regulation and collaborative decision-making.
As the self-regulatory body for payments, we play a pivotal role in the governance of payment systems.
In this section, participants and payments service providers can find more detailed information relating to our payment frameworks. These include:
- rules and regulations for each payment system and framework
- guidelines, fact sheets and brochures including on rules and security standards
- details of all approved ATMs, POS and other devices that may be connected to the network
- payments fraud statistics and reports
Digital Identity
The cornerstone of the future of payments
Digital identity plays an important role in the future of payments innovation because it is the gateway to a seamless customer experience. Across the world, a range of organisations, from governments to banks, retailers, telcos and social media companies are looking to solve the challenge of securely and conveniently identifying individuals and organisations online.
The establishment of a digital identity framework will create new opportunities for digital service delivery, as well as helping to mitigate the risks of identity theft and online payment fraud. Importantly, it also has the potential to reduce the quantity of personally identifiable information (PII) that is shared online.
