Michel van Aalten, Adyen country manager ANZ
According to the Australian Payments Network, payment fraud on Australian credit cards hit $476 million in 2017, surging from $218.1 million in 2016. As of 2018, online card fraud now accounts for 85 per cent of all card fraud in Australia.
Bankwest, a division of the Commonwealth Bank, has launched its digital cards feature, allowing customers to activate a credit card via the bank’s mobile app prior to receiving the physical card.
British Airways has updated its advice on a breach of customer data, saying the payments cards of another 185,000 people could be affected, in addition to the 380,000 first mentioned.
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