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Australian consumers may soon be able to shop online using their EFTPOS cards. Click on the title to read more $5million deal offers Australians shopping online with EFTPOS. Victoria Police got it badly wrong last week with a warning that consumers should avoid using their PIN numbers, and always sign for their EFTPOS transactions. Click on the title to read more PIN or signature? Police screw up EFTPOS scam warning. 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 Despite a lot of noise, bluff and posturing, the RBA’s final decision on debit interchange (announced on the 27th November as a decision of its Payments Systems Board), changes nothing. On the face of it, of course, the announcement looks and sounds like change. It says that multi-laterally negotiated interchange fees on EFTPOS transactions can now be Click on the title to read more Visa, Mastercard win debit interchange reprieve. Slow death of Australian EFTPOS continues. Signing for your credit-card payment at a restaurant or in a shop is to be phased out. And all Australian EFTPOS terminals will have to read chip-cards by April 2012. Click on the title to read more Visa announces plan to phase out signatures for credit-card authentication |
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