Tag: australian payments clearing association

News (7)

• RBA criticises payments innovation

  Australia's central bank has criticised the nation's four largest commercial banks for shirking on investments in payment systems technology, resulting in a lack of innovation and neglect of systems like EFTPOS.

• ABS: Australians slugged with AU$1 billion fraud bill

  A study by the Australian Bureau of Statistics has revealed that in 2007 half a million people fell victim to some form of fraud 383,300 were victims of credit and bank card fraud.

• AU$90m card fraud bill too little to force chip and PIN

  Australia's AU$90 million per annum credit card fraud bill is too small to force the rollout of chip and PIN card reading technology, says the chief executive of the Australian Payments Clearing Association.

• Australia exposed as card skimmers target IKEA

  A mass card skimming attack on a Swedish IKEA store has highlighted the dangers Australian consumers face while banks and retailers fight it out over who foots the bill for chip and PIN.

• ISO dishes up biometrics standard for banks

  The International Organization for Standardization (ISO) has released a standard for the use of biometric authentication at financial institutions but banks are unlikely to invest in the technology.

Blogs (1)

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  Citibank helps phishers improve their bait?

  It took help from three security experts, Citibank's spokesperson, dozens of e-mails and almost a full working day of investigation to confirm that an e-mail I had seen from Citibank was not actually a clever phishing attempt.

Features and Case Studies (1)

• How do you return stolen bank credentials?

  Sceptical that Australians are targeted by cybercrime? Late last year the Australian Computer Emergency Response Team (AusCERT) was asked to repatriate hundreds of Commonwealth Bank customer credentials which had been stolen via the ZeuS trojan.

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