This year’s Annual Review adopts a photographic theme to talk about what APCA has done in 2008-2009, what has happened in payment systems generally over that time, and where we will be focussing our efforts in the coming year.
  In his first public utterance on payment systems earlier this year, the Reserve Bank Governor raised a long-standing and particularly thorny payments policy issue: effective system governance. More |
  One of APCA’s major initiatives for 2009 and beyond is the development of the Community of Interest Network (COIN). The COIN is next generation connectivity for Australian payments – a network cloud using Internet Protocol to replace bilateral links using X.25 protocol. More |
  The credit crunch of 2007-08 turned malignant in the final months of 2008 to become a worldwide financial crisis. The collapse of Lehman Brothers on 15 September 2008 proved the tipping point, driving a massive loss of confidence in financial services globally. More |
