Australian Payments Clearing Association (APCA) - News, Features, and Slideshows

News

• ​Card-not-present fraud rises to $322.7m: APCA

  Card-not-present fraud rose from $256.5 million in 2014 to $322.7 million this year according to a new report by the Australian Payments Clearing Association (APCA).

• Card-not-present fraud rises to $299.5m: APCA

  Card-not-present fraud increased from $210.4 million in 2013 to $299.5 million in 2014 according to a new report by the Australian Payments Clearing Association (APCA).

• Cash still king in Australia but not for much longer: report

  ATM cash withdrawals in Australia declined slightly in 2014, down to $57.3 million in February this year, compared with $60 million in February 2013. This is because debit/credit card payments are continually growing, according to a new Australian Payments Clearing Association (APCA) report.

• Scams, fraud increased in Australia during 2013

  Dating scams are now the number one scam in Australia with $25.2 million lost to romantic scammers in 2013 according to the Australian Competition and Consumer Commission (ACCC).
  

• Australian banks welcome real-time payments service

  Banks have responded positively to the Australian Payments Clearing Association's proposal for new real-time payments infrastructure, saying it will lead to more innovation in areas such as mobile payments.

• Internet, phone and mail fraud grows

  Australian Payments Clearing Association (APCA) data released this week shows online fraud continues to grow despite the overall rate remaining steady.