Visa appointed to inaugural Australian Payments Council
Sydney - Visa today announced its support for the inaugural Australian Payments Council (the Council) with Stephen Karpin, Group Country Manager for Visa in Australia, New Zealand & South Pacific appointed to the Council.
According to Mr. Karpin, “Visa has been a strong advocate for the establishment of a standing industry consultation mechanism such as the Council to provide advice on key payment policy issues to the Reserve Bank of Australia and Payments System Board.”
“The establishment of the Council will improve the Australian payments system in the interests of Australian consumers, merchants and the wider economy,” he said.
Appointment to the Council provides an opportunity to contribute to the development of the Australian payments system in the national interest. Mr. Karpin’s position on the Council will run through to 3 February 2016.
Visa’s submission to the Australian Payments and Clearing Association for the establishment of an Australian Payments Council is available here.
Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 47,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information visit www.visa.com.au and @VisaNewsAU.
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