As part of Scams Awareness week taking place 7-11 November 2022, it’s important that your business and consumers are vigilant in checking and identifying the types of scams that take place online.
According to ACCC, reports to the ACC’s Scamwatch show that Australians lost a record amount of more than $2 billion to scams in 2021. This year, combined losses can potentially reach $4 billion, as losses reported to Scamwatch are already significantly higher than 2021.
As part of Scams Awareness week taking place from 7-11 November 2022, it’s important that your business and consumers are vigilant in checking and identifying the types of scams that take place online. Commons scams include phishing, internet banking fraud, spam and identity theft. With scammers continually developing new ways to target consumers and businesses, it’s time to act now.
The New Payments Platform Roadmap shows that more than 12 million Australians have adopted PayID. Unlike traditional legacy payment methods, PayID helps protect consumers and businesses against fraud. It is free to register and user friendly, over 100 associated banks, building societies, credit unions and organisations currently support PayID in Australia.
Australian Banking Association Chief Executive, Anna Blight, said that “one of the most important steps customers can take to prevent scams today is to use PayID.”
Using Azupay’s unique PayID technology significantly reduces the likelihood of payment fraud and mistaken payments. All of our payments use real-time NPP fraud monitoring and detection. PayID offers an added layer of security whereby the payer receives confirmation of the name of the person or business they are paying for before the payment is processed. Azupay’s PayID for business ensures Australians have a faster, safer, and smarter way to pay and get paid.
Get started on PayID for Business today. Contact our expert Sales team and put an end to scammers affecting your business and consumers: [email protected]