Business
Two-Factor Authentication Is Coming to Eftpos in Australia – Gizmodo Australia
Eftpos has announced it will roll out new anti-fraud tools, including two-factor authorisation, for online payments in Australia by November.
Digital payments and digital scams are two things that have become frequent during the pandemic. To assist with both of these, eftpos is rolling out two new security initiatives for its electronic payment system in Australia.
eftpos 2FA
Possibly the biggest change that will affect consumers is the introduction of two-factor authentication. Known as ‘eftpos Secure’ the 2FA system will help to reduce the risk of fraud for both consumers and merchants.
The system will be EMV 3-D Secure but eftpos hasn’t…
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