The Australian Competition and Consumer Commission (ACCC) has issued a draft determination rejecting an application from the Australian Payments Clearing Association (APCA) that would mandate the use of 3D Secure by online retailers.
Westpac has unveiled a Pay to Mobile service which allows its customers to transfer money using a mobile number.
Suncorp Bank is working to get its credit card rewards platform back online following maintenance to its credit card system.
The Commonwealth Bank of Australia (ASX: CBA) has announced 40,000 enrolments for its Lock and Limit service that allows credit card users to lock and unlock certain transactions on their card.
Banks are reminding consumers that they will no longer be able to sign when they make purchases on their debit and credit cards in Australia from 1 August 2014. Instead, people will need to use a PIN – part of a move to decrease card fraud in Australia.
Linux, 'dual live' data centres and a collaborative relationship between development and IT operations have all helped play a role delivering infrastructure stability while driving rapid ongoing growth at Tyro Payments, according to Sascha Hess, the vice-president for operations at the acquiring bank.
Retail customers can pay without cash or a credit card under a new in-store payment API announced today by PayPal for Australia.
Despite some security loopholes remaining, near field communications technology is gaining a foothold in Australia, according to Visa A/NZ.
Payment Card Industry (PCI) Data Security Standards (DSS) refer to a set of standards that must be followed by big and small businesses alike when accepting, storing, processing and transmitting customers’ credit card information. To be compliant with PCI standards, all business owners, including online retailers, should adhere to 12 PCI compliance requirements for best security practices.
Businesses of all sizes must undertake PCI compliance auditing to ensure that their customers' data is protected during credit or debit card transactions and if stored within any internal business databases.
If you're business is obliged to undertake a PCI audit, then following a PCI Compliance checklist will ensure that you're security processes and payment processing meet the compliance standards. To ensure that you are meeting PCI compliance standards, you'll need to start by looking at what exactly PCI compliant means.
If you operate, own or hold a management role in an Australian business that stores, transmits and processes customer payment data, you may have recently been contacted by your bank regarding your PCI compliance status.
More than 8000 customers of the Commonwealth Bank (CBA) may have been affected by a credit card breach involving another unnamed bank merchant.
Credit card company Visa announced yesterday that supermarket giant Woolworths had signed up to its new contactless payWave payment system. Visa has touted the convenience of the new system, which allows customers to make purchases under $100 without a signature or PIN; however, some industry analysts have warned of potential security pitfalls with contactless systems.
Merchants who view security and payment card industry (PCI) compliance as an extra cost will be rueing the decision when hackers hoping to swipe credit card data strike, believes one industry specialist.