ASIC consults on ePayment Code reforms
By Kate Weber on May 21, 2021 1:08PM Looks to make code mandatory, define biometric authentication. The Australian Securities and Investments Commission (ASIC) today released a consultation paper requesting feedback on planned updates to the ePayments Code. The regulator is looking to update the ten-year-old code to ensure it remains effective within the growing and evolving payment landscape. Formerly known as the Electronic Funds Transfer Code of Conduct (EFT Code), the ePayment Code helps regulate electronic payments services in Australia. This is ...
Source: itnews.com.au