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Mastercard is getting rid of credit card numbers. Cards themselves may be next

Inside Retail

Mastercard has announced plans to remove the 16-digit number from their credit and debit cards by 2030 in a move designed to stamp out identity theft and fraudulent use of cards. For example, the 2022 Optus data breach exposed information from customers who had previously held accounts with the telco back in 2018.

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Government set to pressure big tech over online scams

Inside Retail

Australia plans to introduce a law by the end of the year forcing internet companies to proactively stop hosting scams or face hefty fines, the top consumer regulator said on Friday, potentially setting up another showdown with Big Tech. That prompted the ACCC to push for new laws making all participating industries accountable.

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New 2021 VAT Rules Will Simplify Filing, but Complicate Calculation

Retail TouchPoints

The new rules broadly extend a 2015 VAT adjustment for certain sales of digital, telecommunications and broadcast services to include ecommerce goods. Businesses will need to rework their enterprise resource planning (ERP) platforms and tax technology to remain compliant. Peter Boerhof is the VAT Director for Vertex.

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Mirvac finds a good fit with social fashion app Mys Tyler

Inside Retail

More than 83,000 women from over 100 countries have downloaded the app, with the US, Australia, and the UK accounting for 70 per cent of users. There are also plans for a styling takeover of Birkenhead Point in Drummoyne, NSW, which have been delayed due to Covid restrictions. Solving the $1 trillion ‘fit’ problem.

Fashion 246
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Can innovation help Nike maintain its market dominance?

Inside Retail

The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.”

Marketing 246
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Boss Revolution: International calling and mobile top-ups from Australia

Inside Retail

Whether you want to keep in touch with family and friends or are trying to cultivate new relationships, having a solid phone plan makes all the difference. With prepaid plans, you can pay as you go. Meanwhile, with postpaid plans, you usually get more robust calling, messaging, and data features.

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How Mobile Phone Billing is Revolutionising Online Casino Payments 

365 Retail

Technology has a way of transforming the way we do things, and in the world of online gambling, one of the most exciting innovations in recent years has been the ability to deposit funds into an online casino account using a mobile phone bill. If youre using a prepaid mobile plan, the deposit is deducted from your available credit.