Displaying items by tag: Credit Cards

A survey of 1000 Australians has found that about half (48 percent) are now using their smartphones to make payments, either through use of an app — including mobile banking — or else through other functionality.

There has been a marked reduction in the level of fraud experienced by its merchant customers, according to the Commonwealth Bank, but despite the drop the bank has warned that small businesses must remain extra vigilant over the festive season.

A senior official from Mastercard Australasia says it is misleading to compare costs of schemes that process card present, card not present and international debit transactions with a domestic-only debit scheme, namely eftpos, that, at this stage, processes very few card not present transactions.