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.
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.
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.
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.
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.
We support MFA to add an extra layer of protection. Only authorised users can access your Nexxtap account, ensuring your business data stays safe.
Even with a secure platform like Nexxtap, it’s essential to have good fraud prevention practices in place. Here are some practical tips:
Split financial duties between team members.
Require dual sign-offs for large payments and payroll.
Use software with audit trails to monitor activity.
Train employees to recognise phishing, scams, and social engineering.
Create a code of ethics and anonymous reporting channels.
Encourage open communication around suspicious activity.
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.
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.
Use encrypted platforms like Nexxtap for all transactions.
Partner only with reputable payment processors.
Monitor your accounts regularly for anything unusual.
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 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.
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.