Data released today by the industry self-regulatory body Australian Payments Network (AusPayNet) shows a 9.2% rise in fraud on payment card transactions in the 12 months to 30 June 2021 (FY21) alongside an increase in online spending during COVID-19 lockdowns. With total spending on cards rising 5.4% to $847.3 billion during the same period, the […]
Tag: CNP fraud mitigation framework
AusPayNet 2020 Payment Fraud Report – Fraud Statistics Jul 19 – Jun 20
AusPayNet has released their latest 2020 fraud statistics, indicating that Industry effort drives continued decline in card fraud. Find out about payment fraud trends and download the full report here. […]
Read More… from AusPayNet 2020 Payment Fraud Report – Fraud Statistics Jul 19 – Jun 20
AusPayNet 2020 Payment Fraud Report Released
Auspaynet’s 2020 Payment Fraud Report has been released. Find out about payment fraud trends and download the full report here. […]
Read More… from AusPayNet 2020 Payment Fraud Report Released
AusPayNet 2019 Annual Review Released
AusPayNet has released their 2019 Annual Review. The review outlines their work this year which aims to deliver the best customer outcomes. Download the full report here. […]
Card-Not-Present (CNP) Fraud Mitigation Framework
Card-Not-Present (CNP) Fraud Mitigation Framework. The banking industry has commenced the execution phase of this framework, which aims to tackle the most prevalent type of card fraud. […]
Read More… from Card-Not-Present (CNP) Fraud Mitigation Framework
Card Not Present (CNP) Fraud: Keeping Pace in the Fraud Race
Card Not Present (CNP) fraud now accounts for almost 85% of all card payment fraud in Australia and further to this, CNP fraud seems to be growing 13% year on year at an industry level. […]
Read More… from Card Not Present (CNP) Fraud: Keeping Pace in the Fraud Race
