Common Payments Network
APCA administers technological systems that provide an element of the core payments infrastructure, available to payments services providers.
APCA administer one infrastructure system, managed by a committee of management reporting to APCA's board. APCA provides the rules, procedures and decision-making framework enabling participation in that system.
The Regulations and Procedures for the system have the effect of a contract under seal between APCA and each participating member in that system, and between the participating members in that system.
The infrastructure system is a common payments network (the COIN), which provides the transport layer for payments messages.
The COIN (Community of Interest Network) is a high availability, managed network used by Members for the exchange of payments and payments related traffic in Approved Payment Systems.
It provides an alternative to point-to-point connectivity between Members. Members can be either Hub COIN Members who connect only to their Hub Operator (s), or Full COIN Members who connect to many other Full COIN Members.
An Approved Payments System is a funds transfer system, approved by the COIN Management Committee which facilitates the circulation of money, and includes any instruments and procedures that relate to the system.
Approved Payments Systems currently are APCA's Clearing Systems APCS (Cheques), BECS (Direct Credit and Debit), and CECS (ATM/EFTPOS) as well as BPAY and certain Cardlink traffic.