A new Australian committee has been created to identify potential issues with the new smart cards. The Australian Payments Clearing Association established which is made up of representatives from Visa, MasterCard, merchants, card issuers and card acquires.

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

It will be interesting to see what standard the committee will put in place to help customers make the smooth transition to the Smart Cards.