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Bullock: Modernising Australia's Payments System
Today I am going to talk about Australia's continuing journey to modernise its payments infrastructure. An efficient, safe and reliable electronic payments system is an essential part of a well-functioning economy. Over the past decade, the way people shop and pay has been undergoing a transformation. Face-to-face and bill payments are increasingly being undertaken using electronic methods as people move away from cash and cheques. They are also increasingly shopping online at their convenience and they expect the payments system to provide them with efficient and secure ways of doing so. New ways of paying are ... (full story)