AusPayNet has over 140 members[2] which include Australia's leading financial institutions, such as banks, building societies and credit unions, as well as major retailers and other service providers.

AusPayNet sets, manages and develops regulations, procedures and standards governing payments clearing and settlement within Australia.

[6] AusPayNet was called APCA when established on 18 February 1992 as a self-regulatory industry body charged with carrying forward the process of payments reform.

In its early years, it focused on re-grouping payment services into distinct clearing systems and developing and managing rules and procedures for their day-to-day operation.

[8] In December 2021, AusPayNet released data showing a 9.2% rise of fraud in payment card transactions during increased online spending, concurrent with COVID-19 lockdowns, for the 12 months ending 30 June 2021.

[10] In May 2012 the company released the final report from its consultation entitled "The Decline of Cheques: Building a Bridge to the Digital Economy".