Offshore sites are where Australians lost most of the total losses of $A88million to fraudulent card-not-present transactions last year.
Soure: www.cartoonstock.com
And with the losses some $15million higher than last year, the news isn’t good for Australian holders of Visa, Mastercard and American Express credit and charge cards.
Even worse, are the indications that the number of transactions
Click on the title to read more Australians lose $88million to virtual card fraud last year, up $15million on 2008
An international organised crime network is stealing PIN and account numbers in attacks on EFTPOS terminals at major Australian retailers.
Michael Outram, CEO of the Australian Crime Commission, said this week that skimming devices installed in EFTPOS terminals are capturing customer card information and Personal Identification Numbers (PINs).Counterfeit cards are being created with the information and
Click on the title to read more Australian EFTPOS terminals targeted in skimming attacks
Australia’s major banks aren’t interested in a safer, EFTPOS-based system for online payments. They prefer to lock online shoppers and merchants into the riskier, more expensive (and profitable) global schemes of the US credit-card companies, Visa and Mastercard.
That is abundantly clear from an online payments discussion paper released this week by the Australian Payments Clearing Association.
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Click on the title to read more Australian banks not interested in safer alternatives to Visa and Mastercard for online payments
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