That's just great! A credit card company, a cinema chain, and one of the big four banks have just legitimised the use of smartphones in cinemas.

Australian businesses are becoming soft targets for malicious hackers and they lag significantly behind their US and UK counterparts in achieving compliance with the Payment Card Industry Data Security Standard (PCI DSS) introduced by the Payment Card Industry Security Standards Council (PCI SSC), according to one security assessment company.

Four times more consumers consider mobile payments safer than credit cards, and according to a survey in the US, the concern about credit card security has cost online merchants more than $100 billion in annual lost revenue.

Sony needs a smack following the hacking of its supposedly well-protected Playstation Network, with over 1.56m Australians affected by the global breach.

Fairfax Media has selected Transaction Network Services to provide eCommerce payment systems for its online subsidiary, Fairfax Digital.

A variety of banks are now reporting impact from the 2016 bug, along with phones based on the Windows Mobile platform.

The Bank of Queensland has issued a work-around to all merchants, however the cause of the date error is still unknown.

A decade after Y2K was considered 'done and dusted,' an echo is heard in Queensland (where else!)

Visa Europe has taken a stake in Australian global authentication company, Emue Technologies, following collaboration over the past 18 months with Emue in the development of the Visa CodeSure solution which provides authentication and transaction security through what Visa says is a “unique payment card” with embedded display, microprocessor and numeric keypad.  

Credit card theft, unauthorised bank account access and identity theft are rife in Australia with more than one in five Australians aged 16-years or over now reporting that someone has stolen their identity, illegally accessed, or tried to access their bank accounts, stolen or skimmed their credit cards or tried to steal their bank account pin.