With many SMEs around Australia taking their businesses online or expanding their digital footprint, some may find themselves facing the risk of card payment disputes, chargebacks and fraud for the first time, according to payment provider Mastercard.
Online shopping activities have increased since the COVID-19 crisis began, with a groundswell of support from consumers wanting to “buy local”, according to a new study by National Broadband Network operators NBN Co.
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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