eftpos is also building a roadmap to support eCommerce. Australian Payments Network Limited reported that in FY2016 Card Not Present Fraud increased to more than $402 million*, which demonstrates why eftpos is working hard to translate our promise of simplicity and security into the eCommerce ecosystem. eftpos aims to leverage Payment Tokenisation to enable In App Payments in 2017, plus invest in Payment Authentication Services to build a proposition that enables Merchants to have greater peace of mind.
eftpos is also implementing a new automated Disputes and Chargebacks Service, to help our Members settle disputes faster and more efficiently.
*Australian Payments Network Limited fraud data 2016