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One year on: ISO 20022 in High Value Payments

20 Mar, 2024

It’s been one year since Australia’s High Value Clearing System (HVCS) successfully adopted the ISO 20022 message standard, representing one of the most significant transformations of the payments system in recent times. Rob Magee, Program Director of Australia’s ISO 20022 Industry Migration, reflects on the impact of the transition so far and talks about AusPayNet’s continued collaboration with HVCS participants to realise the benefits and opportunities of this global standard.

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Payments Monitor - February 2024

22 Feb, 2024

In our first issue of 2024, our CEO Andy White talks about our response to Government’s recent consultations on payments licensing, cheques and scams, as well as AusPayNet’s role in work to address challenges facing Australia’s cash distribution industry. We also provide a wrap-up of our sell-out 2023 Summit, an update on work around the strategic direction of BECS, and more.

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Consultation on winding down Australia’s cheques system

02 Feb, 2024

In February 2024, we responded to Treasury’s consultation on winding down Australia’s cheques system.

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Consultation on mandatory industry scam codes

29 Jan, 2024

In January 2024, we responded to Treasury’s consultation on introducing a regulatory framework for mandatory industry scam codes.

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FY23 card fraud snapshot

20 Dec, 2023

AusPayNet has released payment fraud figures for the 12 months to 30 June 2023 (FY23). In this blog, our Head of Economic Crime, Toby Evans, takes a closer look at the statistics and how industry responds to the activities of fraudsters.

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Fraud Statistics Jul 22 - Jun 23

19 Dec, 2023

In the 12 months to 30 June 2023 (FY23), fraud on payment cards increased 35.6% to $677.5 million. The overall card fraud rate has returned to near pre-pandemic levels. 

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