Payments industry gears up for major annual event

MEDIA RELEASE

26 November 2019 

Payments industry gears up for major annual event

Payments as the key to delivering the best customer outcomes is the theme of the 2019 Australian Payments Network Summit, the premier annual event for the payments industry.

Convened by Australian Payments Network (AusPayNet), the self-regulatory body for Australian payments, the 2019 Summit in Sydney on 10 December will feature discussion and debate on subjects ranging from cryptocurrencies and security to privacy, artificial intelligence and payments innovation.

Reserve Bank of Australia (RBA) Governor Philip Lowe will once again lead off summit proceedings with the keynote address.

The 2019 event will for the first time feature a Big Debate, with RBA Assistant Governor Michelle Bullock joining academics and technologists to consider whether Australia is ready for a digital currency like Facebook’s Libra. The Debate will be moderated by prominent economist Warren Hogan.

In another highlight, the Hon Jane Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology, and Robert Milliner, Chairman of the Australian Payments Council, will discuss key topics around technology and innovation and how they can lead to positive customer outcomes.

AusPayNet CEO, Andy White, said the Summit was now an important fixture on the payments calendar.

"The Summit will bring together business leaders, industry professionals, regulators and experts across all aspects of payments – it’s a fantastic opportunity for people in the payments ecosystem to exchange views and ideas and debate the issues," Mr White said.

"This year’s summit has an emphasis on customer outcomes. Most digital interactions today involve a person or business getting paid, so payments is at the heart of digital transformation and innovation.

The Summit will feature a compelling array of speakers and topics exploring variations on this theme," Mr White said.

Other highlights of the Summit include:

• Separate rotating roundtable discussions examining the fast-evolving role of AI in digital payments, the emergence of "bring your own device" payment terminals, moving payments to the Cloud, Trust in the digital age, innovation and the NPP, and ISO 20022 as the common standard for all payments
• A session on the role of domestic payments innovation in a global digital landscape by payments innovation expert, John Chaplin (UK)
• Insight on the Reserve Bank’s comprehensive review of its card payments regulation commencing in 2020
• Exploration of the new breed of payment networks and the future state of payment networks in Australia.
• Updates on the successful transition to open loop payments in the state’s public transport system from Transport for NSW.
• Lessons from this year’s Black Hat and DEFCON events and implications for payments security in Australia.

The 2019 Australian Payments Network Summit will be held on Tuesday 10 December at the Four Seasons Hotel Sydney.

Full program and registration details are available on the Australian Payments Network Summit website.

 ENDS