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Australian Payments Network

Index Australian Payments Network

Australian Payments Network Limited (AusPayNet, formerly the Australian Payments Clearing Association, APCA) is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia. [1]

12 relations: ATMIA, Australia, Automated teller machine, Bank code, Bank state branch, Clearing (finance), Direct debit, EFTPOS, New Payments Platform, Payment system, Settlement (finance), Sydney.

ATMIA

The ATM Industry Association or ATMIA (originally the ATM Owners Association) was established in 1997 in the USA as a global nonprofit trade association to service an industry that built around the global growth of the ATM.

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Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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Automated teller machine

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff.

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Bank code

A bank code is a code assigned by a central bank, a bank supervisory body or a Bankers Association in a country to all its licensed member banks or financial institutions.

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Bank state branch

A Bank State Branch (often referred to as "BSB") is the name used in Australia for a bank code, which is a branch identifier.

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Clearing (finance)

In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled.

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Direct debit

A direct debit or direct withdrawal is a financial transaction in which one person withdraws funds from another person's bank account.

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EFTPOS

Electronic funds transfer at point of sale (EFTPOS) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale.

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New Payments Platform

The New Payments Platform (NPP) is an industry-wide payments platform for Australia currently in development.

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Payment system

A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.

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Settlement (finance)

Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against (in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades.

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Sydney

Sydney is the state capital of New South Wales and the most populous city in Australia and Oceania.

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Redirects here:

Australian Payments Clearing Association.

References

[1] https://en.wikipedia.org/wiki/Australian_Payments_Network

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