AusPayNet names new CEO

The Australian Payments Network (AusPayNet) has announced that its current chief operating officer (COO), Andy White, has been appointed to the role of chief executive, effective 1 March 2019.

He replaces Dr Leila Fourie who resigned in December after two and half years leading the self-regulatory body.

As COO, a role Mr White was appointed to in 2015 from the Australian Securities Exchange (ASX), his responsibilities spanned member services, IT, project management and compliance.

Further, his role included combating card-not-present fraud and – while enabling open-loop public transit systems in major cities – creating standards that “support innovation at point-of-sale and ensure ongoing security and interoperability in payments.”

Commenting on the appointment, AusPayNet chair Rob Craig said: “We are delighted to appoint Andy as AusPayNet’s new CEO. As COO, he has led a highly successful member engagement program, as well as key industry initiatives such as for mitigating CNP fraud.

Mr White’s oversight reportedly allowed AusPayNet to more actively accommodate emerging and non-traditional payments participants, including neobanks Volt Bank and Ninja, as well as Google.

Previously, he acquired leadership roles at LCH.Clearnet Group in London after commencing his career at the Bank of England.

“Payments are changing rapidly globally and are delivering exciting benefits to end-consumers.  As AusPayNet’s CEO, I look forward to working with our staff, our members and wider industry stakeholders to drive real innovation and improvements in Australia’s payments system," the incoming CEO said. 

Mr White also serves as deputy chair of the Emerging Payments Association Asia, a member of the Advisory Committee to Australia’s Data Standards Body, and a member of the Board of Advisors to the Payment Card Industry Security Standards Council.

Commenting on the outgoing CEO’s departure, Mr Craig said: “The board thanks Leila for the transformational leadership role she has played at AusPayNet. We wish her well in the next stage of her career.”

[Related: AFCA appoints small business ombudsman]