Payments are the lifeblood of an economy because they provide a reliable process for the exchange of value between parties. These parties may range from an individual purchasing a coffee to corporate transactions worth tens of millions of dollars.
Our involvement with the payment system is ever-present. We use it when we use our debit or credit card in a shop; when we withdraw money from an ATM; or when we buy something online.
For the most part, we take for granted that it all just works and that the transaction we have initiated will succeed.
This certainty is premised on a secure and efficient payments system that provides peace of mind to those who use it and as well as driving the economic activity that benefits us all.