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knowwhat

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251

09/04/24

18:24

Post #: 73263827
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Originally posted by robbierees: ↑

Spenda is using Airplus to facilitate virtual CC payments for B2B not only in australia but for international transactions, thus creating a safe and one time payment, so once the payment is made the virtual card is destroyed, so no digital trace other than the payment advice, which will coincide with e-invoicing for and to government departments. ATO is promoting e - invoicing to reduce fraud.

This process is needed to encapsulate the integrity of the payment, so their is less risk of fraud.

This will eventually replace bank transfers in the future, pending on government regulations in regards to the banking sector.

So if this technology is being implemented, which it already is, it should bring confidence to businesses knowing that their payments will be protected.

If you dont already know if you use a credit card online, and their is fraud, its the banks money
if you use a debit card online and their is fraud, you lose the money not the bank.

Anyway food for thought.

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Excepting if you use 3DS

SPX Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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