We're pleased to announce that this year's summit will be held in Sydney on 9 December 2021. We're also delighted to let you know that the Reserve Bank of Australia's Governor Philip Lowe, will be our keynote speaker, opening the summit again this year with his annual address to the payments industry.
The latest fraud statistics show that as chip technology continues to provide strong protection against counterfeit cards, fraud is migrating to online channels. However, Australian card fraud rates compare favourably to the UK and US, reflecting strong industry responses and availability of anti-fraud tools.
Australia and New Zealand Banking Group Limited Bank of Queensland Limited Bendigo and Adelaide Bank Limited Commonwealth Bank of Australia Cuscal Limited Indue Ltd National Australia Bank Limited Westpac Banking Corporation
Our 2025 Australian Payment Fraud Report shows that the total value of card fraud on Australian-issued cards increased by 20 per cent to $913 million in 2024, driven by an increase in overseas card-not-present (CNP) fraud.