Fraud Protection for Small Businesses

How to Safeguard Your Business with Nexxtap

For small businesses, fraud is more than an inconvenience, it’s a serious threat to your finances, operations, and customer trust. As digital payments become the norm, robust fraud protection is essential.

At Nexxtap, we’re committed to helping Aussie businesses stay secure with industry-leading features built into our platform. Here’s how you can protect your business and why Nexxtap makes it easier.

Why Fraud Protection Matters

Small businesses are often targeted by fraudsters because they typically have fewer resources and looser internal controls. From cyberattacks and invoice scams to internal misconduct, fraud can result in major financial loss and long-term reputational damage.

Fortunately, with the right tools and proactive habits, you can significantly reduce your risk.

How Nexxtap Keeps Your Business Secure

PCI DSS Compliance

Nexxtap meets global Payment Card Industry Data Security Standards (PCI DSS), which ensures we handle all payment data with the highest level of security. That means every transaction is encrypted, secure, and compliant.

No Hardware, No Hassles

Forget about terminals and card readers that can be lost or tampered with. Nexxtap turns your Android phone into a payment terminal, removing the need for external hardware and reducing physical security risks.

Real-Time Monitoring

Every transaction through Nexxtap is encrypted and monitored in real time. We use tokenisation and end-to-end encryption to protect sensitive data and stop fraud before it happens.

Multi-Factor Authentication (MFA)

We support MFA to add an extra layer of protection. Only authorised users can access your Nexxtap account, ensuring your business data stays safe.

Tips to Protect Your Small Business from Fraud

Even with a secure platform like Nexxtap, it’s essential to have good fraud prevention practices in place. Here are some practical tips:

1. Set Up Internal Controls

• Split financial duties between team members.

• Require dual sign-offs for large payments and payroll.

• Use software with audit trails to monitor activity.

2. Educate Your Team

• Train employees to recognise phishing, scams, and social engineering.

• Create a code of ethics and anonymous reporting channels.

• Encourage open communication around suspicious activity.

3. Strengthen Cybersecurity

• Use strong, unique passwords and change them regularly.

• Enable MFA on all business systems and tools.

• Keep antivirus and anti-malware software up to date.

• Regularly back up your data in case of an attack.

4. Verify Customers and Transactions

• Use AVS, CVV, and document checks for large or unusual transactions.

• Don’t hesitate to confirm suspicious or unfamiliar requests.

• Avoid sharing sensitive data over unsecured platforms.

5. Secure Your Payments

• Use encrypted platforms like Nexxtap for all transactions.

• Partner only with reputable payment processors.

• Monitor your accounts regularly for anything unusual.

6. Stay Informed and Insured

• Follow updates from Scamwatch and cybersecurity agencies.

• Consider cyber liability or crime insurance for peace of mind.

• Keep fraud prevention policies up to date as new threats emerge.

Fraud Prevention Is Ongoing

Fraud tactics evolve constantly and your prevention strategy should too. Conduct regular security audits, review internal policies, and stay informed about emerging risks.

Being proactive can save your business thousands and a lot of headaches.

Nexxtap: Built for Business, Backed by Trust

At Nexxtap, we’ve created a solution that keeps up with your business without sacrificing security. With advanced protection, compliance, and live transaction monitoring, you can take payments on the go with total confidence.

So whether you're running a mobile salon, a café, or a tradie business we’ve got your back.

Ditch the dongle. Protect your business. Nexxtap it.