SCAM Alert

A fake SMS is being sent to random mobile phones stating suspected errors to you MyGov account and to the click the link to view your account details.

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3 ways to protect your business from fraud

Just as a cheque from a less than reputable customer may bounce, there’s no guarantee that credit card you accepted isn’t stolen – so how do you protect your business from fraud? Credit cards not only provide customers an incredible convenience, but they also offer holders a good measure of protection in the case of […]

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Instant bank payments are coming: Here’s what you need to know

Newsagents and customers will soon be able to access instant electronic transfers between a number of financial institutions, with the New Payments Platform officially being rolled out in February. While the NPP system had been tipped to launch in Australia Day, it appears to have been pushed back to February 2018. Once in place, the system will […]

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Big penalties for small business with new reporting laws

From 22 February 2018, all businesses with a turnover greater than $3 million which have a significant data breach are required to inform all concerned parties, and to inform the Office of the Australian Information Commissioner. If there is unauthorised access, disclosure or loss of personal information that could be seriously compromising to the person or […]

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Tyro set to introduce least cost routing

Least-cost routing, otherwise known as ‘lowest-cost routing’ or ‘low-cost routing’, is when debit card contactless payments are re-routed from the Visa or Mastercard networks to the eftpos network, where relevant, to provide you with a lower acquiring cost.

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