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An issue for many Australian organisations is the capture of credit card primary account numbers (PANs), referred to below under the 25 points section as credit cards or EFTPOS cards. This practice is not compliant with the Payment Card Industry Data Security Standard and must be removed from all 100 point check forms.
Bankcard was a shared brand credit card issued by financial institutions in Australia and New Zealand between 1974 and 2006. It was managed by the Bankcard Association of Australia, a joint venture of Australia's largest banks, and was the nation's first mass market credit card.
Australian Payments Network Limited (AusPayNet), formerly the Australian Payments Clearing Association (APCA) [1] is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia.
While a credit card can bail you out in an emergency, you don't want to end up in debt due to poor usage, as the high interest rates could make it challenging to pay it off. Find Out: Do Your ...
Today may well be the first day of the rest of your financial life. Major provisions of the CARD Act – or the Credit Card Accountability, Responsibility and Disclosure Act of 2009 – go ...
There is no consistent standard for verifying identity. For most purposes, an Australian drivers licence or Australian photo card will suffice; however, for more sophisticated transactions (e.g. applying for a passport or opening a bank account), each institution tends to have its own rules. Some examples of identity documents [2] are:
The Cashless Welfare Card, also known as the Indue Card, Healthy Welfare Card or Cashless Debit Card, is an Australian debit card, trialled by the Australian Government from 2016 onwards, which quarantines income for people on certain income support payments [1] to "encourage socially responsible behaviour" [2] by not allowing the owner to purchase alcohol, gamble or withdraw cash.
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