Tag: Aussie

Visa’s payment police saves Aussie businesses $560m

“The amount of fraud prevented has grown since last year, but there’s two sides to this – the amount depends on the level of cyber criminal activity at any moment in time, as well as the effectiveness of prevention.

“With AusPayNet reporting a reduction of fraud rates and Visa’s fraud prevention being where it is, this is good news for Australian merchants.”

The data released by payments industry group AusPayNet in August, showed card fraud costs falling in Australia, with locals being stung to the tune of $464 million last year, down from a peak of $576 million in 2018.

Visa says its use of AI has saved Australian businesses $560 million in a year. iStock

Those numbers meant fraud rates had dropped from 75¢ per $1000 of card spend, to 56.6¢ – levels last seen in 2014.

Visa said it processed more than 138 billion transactions in 2019 and

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How this Aussie mum-of-three runs two thriving online businesses while working part-time

After the initial learning curve, Shevy found flexibility and ease in running an online store. She had her third child and didn’t skip a beat.

“That was the beauty of it – I could work on my own hours, as much or as little as I liked. If I knew we had bills coming up, I’d work harder because I found that during this period, the harder I worked, the more money I’d earn,” she explains. 

With her first side hustle firmly in stride, Shevy launched a second store on eBay, this time focusing on furniture, decor and homewares. Using her learnings from years on the platform, she decided to set this second project up as a standalone website, Inside Outside Furnishing & Lifestyle.

As Shevy spent more time developing this new business, her clothing endeavour took a back seat until she decided to drop that side hustle altogether, an

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