PayPal has announced that it is boosting its anti-fraud efforts for Australians using their services.
As mobile security concerns ranging from credit card fraud to identity theft are growing among Australian consumers, PayPal has announced that it is bumping up the efforts that it is making to provide them with the protection they need to trust in the digital payments technologies.
This will be accomplished by bringing the seller protection guarantee into the Australian retailer market.
This effort by PayPal is being made to strengthen its mobile security credentials within the country so that companies in Australia will increase their confidence in using non-traditional systems, such as those over smartphones.
The company recognized that businesses are among those at the highest risk of mobile security fraud.
According to the PayPal Australia managing director, Jeff Clementz, “We realize that businesses are actually the biggest target for fraud.” He added that “The next big evolution for us is to help retailers to scale their businesses online and on mobile by protecting them against this sort of activity.”
The same report that announced that there would be heightened digital and mobile security efforts put into place also stated that the protection policy will become effective near the middle of next month. At the moment, it is slated to begin on October 11. At that point, PayPal will assume financial liability on behalf of sellers when they have become the victim of fraudulent activities over this system.
In order to take advantage of this digital and mobile security effort from PayPal, the businesses will be required to provide proof of proper practice and that the item that was sold has, indeed, shipped.
That said, PayPal has also said that this mobile security effort will expand further into its payments program over smartphones so that it will be able to continue to successfully carve its own place in the market. Its goal is to continually refine and improve itself so that both businesses and consumers will feel that they have been adequately protected when it comes to using those services for making and accepting payments for products.