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RBA Glossary definition for PPFs

PPFs – Purchased payments facilities

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Retail Payments Regulation and Policy Issues

20 Sep 2018 PSB Annual Report – 2018
One area of potential improvement is the regulatory framework for purchased payment facilities (PPFs), which has been identified as being unnecessarily complicated, involving multiple regulators (including the Bank) and various regulatory
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html

Payments System Board Update: May 2018 Meeting

18 May 2018 Media Releases
At its meeting today, the Payments System Board reviewed industry progress on providing merchants with the ability to route contactless debit card transactions to their lowest-cost processing network. Least-cost routing (LCR), or merchant routing,
https://www.rba.gov.au/media-releases/2018/mr-18-12.html

Developments in the Financial System Architecture

10 Mar 2015 FSR – March 2015
The FSI also recommends simplifying the regulatory framework for payment systems, particularly for Purchased Payment Facilities (PPFs). ... This would include APRA developing a new two-tiered prudential regime for PPFs, and the government and ASIC
https://www.rba.gov.au/publications/fsr/2015/mar/dev-fin-sys-arch.html

The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
Like any other financial product, PPFs are subject to ASIC's conduct and disclosure regulation. ... APRA. Under the PSRA, any other PPF must be authorised or exempted by the Bank.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html

Abbreviations | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions

1 Mar 2014 Submissions
PIN. Personal Identification Number. POS. Point of Sale. PPF. Purchased Payment Facility.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/abbreviations.html

Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…

1 Mar 2014 Submissions
Submission to the Financial System Inquiry 8. Developments and Innovation in the Payments System. Download 3.1. MB. A safe, competitive and efficient payments system is essential to support the day-to-day business of the Australian economy.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html