The ePayments Code
The ePayments Code regulates consumer electronic payment transactions, including ATM, eftpos and credit card transactions, online payments, internet and mobile banking, and BPAY. Among other things, the ePayments Code:
- Requires subscribers to give consumers clear and unambiguous terms and conditions,
- Stipulates how terms and conditions changes (such as fee increases), receipts and statement need to be made
- Sets out the rules for determining who pays for unauthorised transactions, and
- Establishes a regime for recovering mistaken internet payments.
eftpos has the lowest fraud rates of any card payment type in Australia. The Australian Payments Network publish Australian fraud data.
Protecting your privacy online
Cashless Debit Card
The Federal Government is trialling a Cashless Debit Card in an effort to find an effective tool for supporting disadvantaged communities reduce the consumption and effects of drugs, alcohol and gambling that impact on the health and wellbeing of communities, families and children. Find out more about the trial
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