Payments System Issues – Payments Council MoU, EFTPOS Access Regime and Review of Card Payments Regulation

The Payments System Board and the Australian Payments Council have signed a Memorandum of Understanding. The Reserve Bank has revoked the Access Regime applying to the EFTPOS system in Australia, along with the 2004 designation of the EFTPOS system. Reserve Bank staff will liaise with industry on possible designation of card systems.