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Westpac gives customers more 'Flex' with new zero interest digital card

Westpac has today announced it will launch a new zero interest credit card ‘Flex’ later in the year to provide customers with more flexibility and ....

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How credit unions can prevent online payment fraud

How credit unions can prevent online payment fraud
With so many of us transitioning from in-person to online activities, new opportunities arose for cybercriminals to exploit the changing circumstances. The FTC received over 1.3M fraud reports in Q1-Q3 of 2020, resulting in total losses of over $1.5B.
Given the changing environment, credit unions should navigate cybersecurity in the “new normal” landscape with an effective and comprehensive security plan to protect their own data and cardmembers’ data.
Payment gateways or “payment portals” have become essential to the security of businesses accepting payments online. When you’re just starting a business, online fraud can cost you more than a single purchase. According to a 2018 survey, Statista states that “US merchants lost an estimate of 6.4 billion dollars in payment card fraud loss.” Small businesses are no exception. On average, small businesses lost an estimated $155,000 a year. That much money ca ....

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