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Australia s central bank aims at broad reform for payments systems

Australia s central bank aims at broad reform for payments systems
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New south walesMichele bullockWayne coleRichard changReserve bankGovernor michele bullockBulk electronic clearing systemNew payments platform

Australia s central bank aims at broad reform for payments systems

Australia s central bank is considering a slate of new regulations for the payments system to open up the use of mobile wallets, make costs more transparent and allow retailers to put surcharges. -December 11, 2023 at 05:27 pm EST - MarketScreener

Richard changWayne coleMichele bullockReserve bankGovernor michele bullockBulk electronic clearing systemNew payments platform

Banking Day

Treasurer Jim Chalmers has followed up the release of draft legislation in October that expands the regulatory coverage of the payments system, with the release last week of a consultation paper that sets out a proposed regulatory framework for payments service providers.

Jim chalmersTreasurer jim chalmersReserve bankNew payments platformPayment systems

AP+ to lead phased development of confirmation of payee

Following the announcement that banks will develop a confirmation of payee system as the priority project for the industry’s new Scam-Safe Accord, Australian Payments Plus has detailed the work it will do with New Payments Platform participants to deliver the service.

Scam safe accordAustralian payments plusNew payments platform

Banks to uplift technology under new anti-scam accord

New $100m 'confirmation of payee' system to be developed.

Chris whittinghamMike lawrenceQuantium telstraChris sheehanJames robertsAnna blighMarnie bakerFraud reporting exchangeAustralian financial crimes exchangeCommonwealth bankAustralian banking associationBendigo bankCommunity owned banking associationScam safe accordNew payments platformPayments plus