"Awareness of PCI in Australia is far lower than we would have hoped despite a series of seminars being held in Australia and New Zealand and the distribution of more than 300,000 fliers to merchants earlier this year," McKindley said.

"Because banks have a responsibility to communicate PCI to their merchants and third-party processes, it is up to them to ensure their merchants are aware and compliant."

The seminars will be held this month in Sydney, Melbourne and Canberra and in Auckland and Wellington in New Zealand.