Tag Archives: Australia

Australia – NSW Police Force urging people to use contactless payments to circumvent “ghost” terminals

By | August 17, 2017

Wagga businesses and the NSW Police Force is urging people to use the tap-and-go-chip on their debit cards to prevent fraudulent transactions through “ghost” terminals.  Collins Booksellers owner Peter Halicki said he had noticed a big shift in people paying by contactless means and encouraged his customers to make the most of the system. “I’ve definitely noticed in the last 12 months a huge… Read More »

Online credit card fraud on the rise, accounting accounting for 78 per cent of total card fraud in Australia

By | August 3, 2017

There has been a massive increase in online credit card fraud, with transactions made using stolen card details hitting $417.6 million in 2016, more than doubling since 2011. Industry body Australian Payments Network has revealed that transactions made using stolen credit card details accounted for 78 per cent of more than $530 million in total netted by fraudsters last… Read More »

Australia – Bank card theft soars: $450m swiped on tap-and-go fraud

By | July 15, 2017

THIEVES are making off with $450 million in card and tap-and-go fraud every year, and Victoria Police admit they would drown in a tsunami of crime if everyone ­reported the offence. Top fraud investigator Superintendent Pat Boyle said thousands of cases of deception and fraud were not being reported. Paywave and card identity crime are so prevalent that… Read More »

Eftpos Australia completes contactless debit card and mobile payments upgrade

By | July 11, 2017

Australia’s Eftpos debit card network has completed an infrastructure upgrade that will enable its partners to roll out new products and services including Eftpos Tap & Pay and Eftpos Mobile payments. The update also includes Australia’s first domestic token service provider (TSP), “complete and ready for commercial deployment.” More than a million Tap & Pay cards have now been issued… Read More »

Australia – Tap & go: Mastercard deploys contactless payments on Sydney ferries

By | July 10, 2017

Mastercard and Transport for New South Wales have introduced a contactless ticketing payment solution to Sydney Ferries that travel the F1 Manly to Circular Quay service. Commuters can now use their Mastercard contactless card or mobile wallets that have enabled Mastercard cards to pay for their fare. The aim of the solution is to save time for commuters,… Read More »

Australia – Sydney ferries roll out contactless ticketing

By | July 6, 2017

Paying for a ferry ride is now as easy as tap-and-go, as Mastercard and Transport for NSW bring contactless ticketing payment to Sydney Ferries on the F1 Manly to Circular Quay service. In an Australian first, commuters can use their Mastercard contactless card or mobile wallets that have enabled Mastercard cards to tap on. Supporting domestic and international… Read More »

Investible just led a $1.5 million investment round for Sydney wearable fintech Inamo

By | May 26, 2017

Inamo, the Sydney startup known for making waterproof wristbands and sunglasses that double as a contactless bank card, has secured $1.5 million of seed funding led by Club Investible. Investible’s $1 million contribution is its single largest investment into an Australian-based startup. The other $500,000 was sourced from unnamed private investors. Inamo founder Peter Colbert, who has started… Read More »

Australia – Two arrested for $1.5 million ‘tap and pay’ fraud

By | May 2, 2017

Two men have been arrested for a $1.5 million fraud involving ‘tap and pay’ transactions across Sydney. Police raided homes at Greystanes, Rockdale, West Ryde, Bankstown and Ultimo, as well as a Camperdown storage facility, at 6am on Tuesday, May 2. Guns, replica pistols, prohibited drugs and fraudulent documents were seized. A West Ryde man, 22, and a Greystanes… Read More »

Heritage Bank Trials Visa Wearable For Payments

By | April 19, 2017

Queensland’s Heritage Bank has embarked on a customer trial of a Visa’s wearable payment device. Heritage has launched a wristband with an embedded chip that enables users to leave their wallet at home and make a purchase simply by “hovering” the device over a contactless payment terminal. The waterproof wristband links directly to a customer’s Visa debit account.… Read More »

Australia – Fraud Cases Are Stretching Sydney Police Resources to The Limit

By | April 3, 2017

FRAUD cases are stretching inner-west police resources to the limit. Newtown police crime prevention officer Senior Constable John Tikisci said mail and identity fraud had been “going through the roof in the last five years”. “Police resources are tied up with preventable fraud matters when they can be directed towards reducing domestic violence and alcohol-related crimes which have… Read More »

Westpac to Launch Australia’s First Wearable Payments Devices

By | March 21, 2017

Anyone who has recently complained the big banks aren’t innovative enough to keep up with tech-loving millennials will today be eating their words. Australia’s oldest bank today announced it will launch the country’s first wearable payments devices, along with a new mobile feature, the “Westpac Keyboard”, which will enable customers to make payments within popular social messaging apps.… Read More »

Australia – Identity Theft: Ruthless Gangs Use Fake Driver’s Licences and Medicare Cards for Crime Sprees

By | March 12, 2017

BIKIES, drug bosses and terrorists­ are taking over the identities of innocent people using fake NSW driver’s ­licences and Medicare cards to carry out crimes and avoid police detection. A joint investigation by NSW and federal police, called Project Birrie, has for the first time established the links between identity fraud and serious crimes from 1710 fake documents… Read More »

Inamo the Payments Platform Behind Visa WaveShades – the Latest Innovation in Wearable Ways to Pay

By | January 28, 2017

SYDNEY, 28 January 2017 – Australian start-up Inamo (www.inamo.com) is the payments platform behind Visa’s WaveShades, the prototype wearable sunglasses being trialled at St Jerome’s Laneway Festival music events in five Australian cities between 26 January and 5 February.   The sunnies, which are designed by Local Supply, can make contactless payments thanks to a secure payment chip,… Read More »