The Payment Card Industry Data Security Standard (PCI DSS) is a global standard that provides a baseline of technical and operational requirements designated to protect payment data. Any entity that stores, processes or transmits payment card information must comply...
Surcharging In an economy where cost reduction is a key metric it's important to consider the ability to pass on Merchant Service Fees to payers choosing to use cards. Implementation of surcharging can also be a great way to guide payers into non-fee alternative...
We strongly encourage our sites to upgrade on a regular basis. There are several reasons why upgrading and staying on the latest version is beneficial: 1. Security: Updates often include patches for security vulnerabilities discovered in previous versions. By staying...
What is PayTo? PayTo is a new, digital way for businesses to initiate real-time payments from their customers’ bank accounts. Using PayTo, customers can pre-authorise once-off or recurring transactions to be processed in real time, 24/7. PayTo was developed in...
The payments landscape – and the financial services sector more broadly – is evolving rapidly. The pandemic further accelerated the pace of change and innovation, with digitisation and cashless payments two fundamental forces driving the industry’s transformation....
With consumers making more online and contactless payments than ever before, fraud on payment card transactions rose 9.2% in the 12 months to 30 June 2021. Fraud on card-not-present transactions rose 12.3% to a total of $442 million during the same period. While...
What is a cashless society? A cashless society is one where goods and services are purchased using digital payment methods like credit and debit cards, mobile wallets, cryptocurrency, and payment apps rather than physical currency (notes and coins). Australians have...
2020 and 2021 will go down in history as years that irrevocably reshaped organisations worldwide. Almost overnight, everyone from small businesses to multinational companies had to adopt new ways of keeping their employees, customers and suppliers connected – and...
The way Australians pay has changed significantly over the last decade, with more and more of us opting to pay electronically. The 2021 Payments System Board Annual Report identified a number of emerging trends and developments in retail payments. 1. Electronic...
Australia’s aged care sector is growing and evolving at an unprecedented pace. Our aging population, changing regulatory requirements, and shifting community expectations are just some of the factors placing extra strain on Australia’s aged care services. ...