Our Pioneering History
Formed in 1993 as a cooperative by our founding member organisations, Australian Settlements Limited, as it was then known, provided settlement and payment services, allowing these organisations to participate in all financial sector clearing streams.
Today, ASL is still an organisation which, like many of its customers, is owned by its shareholders – and supplies services to those member organisations and a wide range of non-member businesses across Australia and the world.
The benchmark to take and make payments has been set.
Platform-As-A-Service
With our state-of-the-art secure, ‘ASAPP’, API platform, we continue to evolve to offer market leading end-to-end payment solutions, through what we call Payments-Platform-as-a-Service (PPaaS). We have an unrivaled suite of payment solutions and first-class, local support.
Through our intuitive, connected platform, our customers can access the following payment solutions –
NPP |
PAYTO |
CARDS |
DIRECT ENTRY |
BPAY |
ACQUIRING |
RTGS |
AUSTRACLEAR |
PEXA |
FINANCIAL CRIME MANAGEMENT
Authorised Deposit Taking
Institution (ADI)
As an ADI, ASL is under the supervision and regulation of the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA)
ASL is an accredited and trusted brand – and hence was the first non-bank to be granted an Exchange Settlement Account (ESA) at the RBA. Since 1994, ASL has also held a full Australian Banking license.
Since inception, ASL has progressively grown our range of products and services to continue to meet the evolving needs of our customers and industry.
This expansion has occurred with a strong 30+ year settlement record.
Strength & Scalability
ASL has a strong business model focused on working collaboratively with our customers to provide scale advantages in their business operations. The strength of the relationship between our customer base and ASL’s management team is an ongoing strength and key strategic advantage of the business. Collaboration remains a hallmark of ASL.
Industry Solutions
Our payment products excel across multiple industries and sectors, such as
Banks
Fintechs
E-Commerce Marketplaces
Education
Health
Insurance
Lenders
Payroll
Real Estate
Superannuation
Technology & Service Providers
Utilities
Local Councils
State Government
Federal Government and more.
Supporting International
Business
We have a full suite of payment solutions for International businesses entering the Australian market.
We provide full guidance and support on local regulations, laws and compliance – allowing your organisation to enter the local market as quickly as possible.
