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Report: CNP Accounts for 40% of Total Value of Credit-Card Purchases in Australia

Card-not-present purchases accounted for more than 40 percent of the value of total credit-card spend in Australia, according to a supplemental report released recently by the Reserve Bank of Australia. By number of transactions, card-not-present channels accounted for 20 percent of credit-card use. By either measure, Australians are using credit cards online, over the phone and via mobile device more than ever. Read more