Payments provider eftpos is partnering with accounting software company MYOB in a move designed to deliver low-cost, real-time eCommerce transactions to Australian merchants.

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Michel van Aalten, Adyen country manager ANZ

According to the Australian Payments Network, payment fraud on Australian credit cards hit $476 million in 2017, surging from $218.1 million in 2016. As of 2018, online card fraud now accounts for 85 per cent of all card fraud in Australia.

Data61 says its next-generation blockchain system Red Belly Blockchain has shown increased speed and energy efficiencies on a global network, with deployment on 1000 virtual machines across 14 of Amazon Web Services' global regions.

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