The launch is aimed at helping Australians make more secure payments online
Aussie debit card payment system is rolling out new anti-fraud tools. Source: pixabay.com
eftpos has announced it is going to launch 2 new e-commerce anti-fraud tools in November 2021 to enhance the security of Australian businesses.
They include:
- Network Fraud Scoring – to help financial institutions assess the risk associated with individual transactions.
- eftpos Secure (EMV 3-D Secure) – 2-factor authentication for consumers, which helps reduce the risk for both consumers and merchants.
According to the report, the company has been developing these anti-fraud tools for several years a
The press release highlights that 84% of reported card fraud in Australia occurs in the online environment. Mr. Benton said eftpos had taken a cautious approach to its entry into e-commerce, with the new anti-fraud tools.
Australia-based eftpos launched its first e-commerce service in August last year for local businesses that accept recurring card-on-file transactions from their customers.
We’ve reported that the remote employees put the cybersecurity of their workplaces under risk.
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