The 2025 AusPayNet Annual Review presents a snapshot of our work in FY2025. Together, we create confidence in payments for all. Key highlights include: Leading work to coordinate the smooth transition away from cheques. Collaborating with industry about the future of account-to-account payment infrastructure. Planning the migration of the Australian card payments system to the […]
Tag: Orion Financial Crimes
The Downside of Digital Confidence
Digital Downside With every wave of new technology comes new risks. In the financial crime space, particularly scams, we often think of our most vulnerable as the elderly or someone less familiar with technology. Yet the rise of sextortion and youth-targeted scams tells a different story. Young people, fluent in digital spaces, are now among […]
Australian Payment Fraud 2025 Report
According to the 2025 Australian Payment Fraud Report, the total value of card fraud on Australian-issued cards increased by 20 per cent to $913 million in 2024, driven by an increase in overseas card-not-present (CNP) fraud. Overall, there was a 12 per cent year-on-year increase in the overall payment card fraud rate, from 70.2 cents per […]
Scam Awareness Week 2025 Webinar
Scam Awareness Week 2025 Webinar As part of Indue’s Leadership Series: Cultiv8, we were pleased to host a webinar exclusively for Indue customers. This important and insightful session as part of Scam Awareness Week 2025, featured expert speakers: Rosie Campo – International Centre for Missing & Exploited Children (ICMEC) Toby Evans – Australian Payments Network […]
Targeting scams: Report of the National Anti-Scam Centre on scams data and activity 2024
This report provides insight into the scams targeting Australians in 2024 and highlights the impact of combined efforts by government, law enforcement, community sector and industry to combat these financial crimes. This is the second Targeting Scams Report produced by the National Anti-Scam Centre since its establishment on 1 July 2023. The National Anti-Scam Centre’s […]
Australian banks launch new defence in battle against scammers
Australian banks have today unveiled their latest scam fighting technology, with the launch of Confirmation of Payee – a new name-matching service designed to help protect customers from being tricked into sending money to criminals. Banks have invested $100 million in this new technology which is a key initiative of the sector’s Scam-Safe Accord – […]
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How the Scam-Safe Accord is Making Banking Safer for Australians
With digital scams on the rise, Australians are demanding stronger protections for their finances. The Scam-Safe Accord, launched in late 2023, is a powerful new framework uniting major banks, regulators, and consumer advocates to tackle scams head-on and make banking safer than ever before. What Is the Scam-Safe Accord? The Scam-Safe Accord is a national […]
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Indue Launches ScamHub
With more than $2.74 billion lost by Australians to scams this year, market-leading payment solutions provider, Indue, has launched ScamHub — a complimentary customer website portal providing educational resources for their clients to help educate their employee and customers on scams. The initiative was made possible through Indue’s Illumin8 Social Impact program, a program dedicated […]
Development of industry Confirmation of Payee Solution
Australian Payments Plus (AP+) has resolved to work with NPP Participants to deliver a Confirmation of Payee service for payments made using BSB and Account numbers. Confirmation of Payee will help reduce certain types of scams that involve misdirection of payment to an account that does not belong to the intended payee as well as […]
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Protecting your digital identity
During this Scams Awareness Week, we’re sharing our top tips to combat scams. Tip: Protect your data like you protect your wallet! Financial institutions spare no effort in combating fraud and protecting their customers from scammers, and there are thousands of people working around the clock to protect you and your money. However, in recent […]
