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RBA Glossary definition for APCS

APCS – Australian Paper Clearing System operated by Australian Payments Network (AusPayNet)

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Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions

8 May 2024 Submissions
The Bank has supported work by the payments industry, led by the Australian Payments Council (APC), to facilitate the development of digital identity services in Australia. ... The APC completed the first version of a ‘TrustID’ digital identity
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html

The Ongoing Decline of the Cheque System

15 Jun 2017 Bulletin – June 2017
Ed Tellez
Cheque use in Australia has declined significantly over the past few decades and currently represents only a small share of non-cash payments. This decline reflects changes in the payments market as a result of technological change and customer
https://www.rba.gov.au/publications/bulletin/2017/jun/7.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

8 May 2024 Submissions
Industry collaboration is also facilitated by the Australian Payments Council (APC), which is the main strategic coordinating body for the payments industry. ... The APC's work is guided by a strategic agenda that is periodically updated in consultation
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
The Bank has strongly supported work by the payments industry, led by the APC, to facilitate the development of digital identity services in Australia. ... The APC completed the first version of a ‘TrustID’ digital identity framework in June.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

ISO 20022 Migration for the Australian Payments System – Issues Paper | Consultations

8 Apr 2019 Consultations
Interchange Standards and Net Compensation
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system.html

Modernising Payments Messaging: The ISO 20022 Standard

17 Sep 2020 Bulletin – September 2020
Tarnia Major and Joseph Mangano
Electronic payments rely on the exchange of messages to instruct the flow of funds between financial institutions.
https://www.rba.gov.au/publications/bulletin/2020/sep/modernising-payments-messaging-the-iso-20022-standard.html

ISO 20022 Migration for the Australian Payments System – Responses and Options Paper | Consultations

28 Sep 2019 Consultations
Interchange Standards and Net Compensation
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options.html

Governance | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
There is strong support for an appropriate body (such as the APC, RBA or the Payments System Board (PSB)) to provide oversight and to ensure ongoing industry commitment and accountability. ... Figure 13: Proposed Governance Structure. In this model, the
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/governance.html

Glossary | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
AML/CTF. Anti-Money Laundering/Counter-Terrorism Financing. APC. Australian Payments Council. APCS. Australian Paper Clearing System. ... LVSS. Low Value Settlement Service. A RITS service used for the lodgement of settlement instructions for obligations
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/glossary.html

Strategic Issues – Project Governance | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
The RBA and APC recognise that individual participants will each have different costs and challenges and that the benefits of an ISO 20022 migration may be realised more readily for some ... PSB and APC – these peak oversight bodies for the Australian
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-project-governance.html