Australian Payments Clearing Association
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| Industry | Banking, Regulation |
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| Founded | February 18, 1992 |
| Headquarters | Sydney, Australia |
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Key people
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Dr. Leila Fourie, CEO Robert Craig, Chair |
| Website | www |
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 the Australian payments system. APCA administers a number of payments systems within Australia. APCA currently has some 100 members comprising leading Australian financial institutions including banks, building societies and credit unions, major retailers and other key service providers involved in the Australian payment system. APCA was established on 18 February 1992.
APCA sets, manages and develops regulations, procedures and standards governing payments clearing and settlement within Australia. Payments systems covered by APCA's rules include cheques, direct debits and credits, aspects of ATM and EFTPOS transactions, high value payments and the distribution of wholesale cash.
APCA’s role includes strategic direction and regulatory policy for the Australian payments system. APCA provides a venue for industry collaboration on these issues and works closely with government, regulators, payments stakeholders and individuals to improve the payments system.
APCA is also the official issuer and custodian of Bank State Branch (BSB) numbers in Australia. APCA assigns the bank code to a financial institution who then allocates the other digits, in line with guidelines set by APCA.
"APCA exists to advance the common interest of its members and the interests of the Australian public in improving the Australian payments system."
APCA does this through:
APCA’s roles include providing:
APCA was established on 18 February 1992 as a self-regulatory industry body charged with carrying forward the process of payments reform. In its early years, APCA 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, APCA took responsibility for managing projects and for contingency planning, certification and accreditation. These kinds of activities remain core business for APCA.
APCA took over the regulation and management of the BSB system, which had been in operation since the 1970s. In 2012, APCA celebrated its 20th anniversary as the payments industry’s self-regulatory body.
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