But as networks, collaboration is also often required. The development of the NPP and recent work on addressing fraud in card payment systems are good examples of where participants that are normally competitors have cooperated to ultimately deliver better outcomes for Australian consumers and merchants. These collaborative efforts, however, are not without their challenges.
As the payments system regulator, the Reserve Bank remains willing to engage with industry and facilitate collaboration where this is in the public interest. © Reserve Bank of Australia, 2001–2019. All rights reserved. https://www.rba.gov.au/speeches/2019/sp-ag-2019-05-16.html  8/8