Australia’s payments industry body welcomes the federal government’s announcement on the next steps in phasing out cheques

Fraud Statistics Jul 23 - Jun 24

In the 12 months to 30 June 2024 (FY24), there was a total of $868 million in card-related fraud.

Domestic fraud down but sharp rise in offshore fraud drives Australia’s payment card fraud rate higher

Fraud Statistics Jan 23 - Dec 23

Our 2024 Australian Payment Fraud Report reveals that in calendar year 2023, there was a 32 per cent increase year-on-year in the total value of fraud to $762 million. This increase outpaced the growth in the total value of card transactions, which rose by 8 per cent to $1.1 trillion.