AusPayNet welcomes the ISO 20022 Payments Interoperability Charter for high value payments

Payments Monitor - February 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.

AusPayNet fraud data highlights overall card fraud rate returning to near pre-pandemic levels, despite decrease in domestic CNP fraud rate

Fraud Statistics Jul 22 - Jun 23

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.