The APCA board is responsible for setting the company's strategic direction and corporate governance. The board's mandate is to act in the best interest of the overall payments system.
The board comprises an independent chairman, the chief executive officer and non-executive directors appointed by APCA's "owner members".
Owner members that have at least 5% of the transaction volumes in three or more of APCA's clearing systems are entitled to appoint a director. Smaller owner members form electoral groups to attain the aggregate 5%. The building societies and credit unions are also each entitled to appoint a director.