The global value of contactless Point of Sale (POS) terminal transactions is surging, with the value of all transactions around the world expected to reach US$500 billion annually by the end of 2017, up from US$321 billion this year, according to Juniper Research.
The head of market development and innovation in Australia for MasterCard is Garry Duursma, and he talked tech, contactless payments, safety, security, payment trends, demo’d ‘selfie’ payments, Girls4Tech and more!
The competition watchdog — the ACCC — is set to deny authorisation to the payments industry to mandate an industry-wide security initiative using 3D Secure security measures to reduce online payments fraud.
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