Australian Payments Network Limited

AusPayNet was called APCA when established on 18 February 1992 as a self-regulatory industry body charged with carrying forward the process of payments reform. In its early years, it focused on re-grouping payment services into distinct clearing systems and developing and managing rules and procedures for their day-to-day operation. In its next phase, the company took responsibility for managing projects and for contingency planning, certification and accreditation. These kinds of activities remain core business for AusPayNet.

It took over the regulation and management of the BSB system, which had been in operation since the 1970s. In 2017, the company celebrated its 25th anniversary as the payments industry's self-regulatory body and changed its name to Australian Payments Network (AusPayNet).

On 1 January 2014, it adopted a new Constitution designed to recognise the growing diversity of interests in payments arising from structural and technological change and to provide a more inclusive and representative association of the Australian payments system. The new Constitution opened AusPayNet membership to participants and operators of non-AusPayNet payment systems.

Fraud

AusPayNet has been publishing cheque and card fraud statistics since November 2006 as part of the payment industry's commitment to counter payments fraud and to help the public in understanding payments fraud issues. The payment fraud figures for 2016 show that Australian card fraud is increasing as part of a global trend, but that detection and prevention measures employed by the industry are showing promising results in keeping fraud levels down.

Transaction fraud declined by 15% in 2019, the first decline in eight years, whilst "strong growth" was noted in card use over the same year. In December 2021, AusPayNet released data showing a 9.2% rise of fraud in payment card transactions during increased online spending, concurrent with COVID-19 lockdowns, for the 12 months ending 30 June 2021.