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The thorny acronyms of criminals and payments: ATMs, POS and KYC

Senior Business Correspondent
16 Jul, 2025
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Michael Sainsbury
Senior Business Correspondent
16 Jul, 2025
Add us as a preferred source on Google
The Australian payments system is wrestling with a multi-pronged crime problem: trying to clean up old-fashioned ATMs and point of sale (POS) terminals in illegal tobacco and vape stores, while struggling to corral a new breed of crypto ATMs that are quietly multiplying and also attracting criminals.
The thorny acronyms of criminals and payments: ATMs, POS and KYC
PayDay News

The Australian payments system is wrestling with a multi-pronged crime problem: trying to clean up old-fashioned ATMs and point of sale (POS) terminals in illegal tobacco and vape stores, while struggling to corral a new breed of crypto ATMs that are quietly multiplying and also attracting criminals.

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