fraud payment card industry
Chip and PIN rollout '95 per cent complete'
News The banking industry is claiming chip and PIN as a success pointing to the statistics that show counterfeit card fraud has been cut by £60m - a drop of 24 per cent - in the first year since the system was introduced. [27 Nov 2006]
The Weekly Round-Up: 10.11.06
Round-Up You see there has been a 55 per cent increase in online fraud and a 37 per cent hike in card fraud, according to stats released this week by payment industry body Apacs. The UK is suffering a fraud epidemic it would seem. [10 Nov 2006]
Is chip and PIN really a success?
News They say while more than 150 chip and PIN transactions are processed every second counterfeit card fraud in 2005 was cut by nearly £60m - a drop of 24 per cent compared to 2004. And last year internet, phone and mail-order transactions - and card... [15 Aug 2006]
Cash to become a thing of the past?
News He said: "This introduces a whole new area for fraud - why steal something when you only have to stand within reader distance of someone's wallet or purse? MasterCard is currently pushing its contactless payment product, One Smart PayPass. [10 Feb 2006]
Buy a burger with your mobile - the future of payments
News But few burger fans will have realised that the contactless payment card they used to pay for their lunch is going to shake up the market over the next few years. Carpreau said: "With fraud on cards there are two major risks. [11 Oct 2005]
Chip and PIN credited for £36m drop in card fraud
News Payment industry body Apacs claims the drop in fraud is a result of the increasing use of chip and PIN technology to authenticate card payments on the high-street. Card fraud has fallen by £36m in the first six months of this year following the... [10 Oct 2005]
Chip and PIN heads for cyberspace
News Next month it will release figures for card fraud covering January to June this year, which will be the first since the chip and PIN deadline passed. Apacs told silicon.com: "What we can say for certain is that when we first announced we were going... [27 Sep 2005]
Leader: Banks bow to PayPal
Leader According to the industry prophet Gartner, PayPal is in a superior position to banks and card suppliers because it can offer payment methods cheaper than the companies it left behind some years ago. If banks were to move their expertise in... [15 Sep 2005]
Consumers spend £16bn online
News A spokeswoman for Apacs, said: "[C]redit cards are far more popular for online payment than debit cards - a direct reversal of card use in other retail environments. Apacs said the rise in online retail is likely to continue over the next decade... [12 Sep 2005]
'Banks must educate customers on fraud'
News The Association of Payment and Clearing Systems (Apacs) has estimated that card fraud stemming from online phishing attacks cost banks £12m last year. In a press statement Apacs said: "The banking industry takes all types of plastic card fraud very... [04 Aug 2005]
HSBC rolls out anti-fraud software to card owners
News HSBC is deploying anti-fraud software that detects unusual spending behaviour among its card holders. Ian Manocha, director of the worldwide fraud practice at SAS, said: "Since fraud prevention and detection is a shared goal across the financial... [12 Jul 2005]
Opinion: We'll pay for ID cards
Comment At the same time, we should not forget that all identity systems built upon any technology platform have, to my knowledge, a failure rate which is subsidised by the mass-market success of their underlying business model and which is written-off as... [28 Jun 2005]
Chip and PIN CCTV security fears dismissed
News Leading UK retailers have dismissed the threat that CCTV cameras pose to the security of the new chip and PIN bank card payment system. Although most stores have CCTV cameras covering the checkout area to monitor for fraud, several silicon.com... [18 Mar 2005]
eBay: You've got (private) mail
News Phishing is one of the fastest-growing forms of personal fraud in the world. Such scams are a growing headache for companies online, but eBay and its financial payment service PayPal may be among the most targeted because of eBay's brand name and... [05 Jan 2005]
UK card fraud fall will mean rise in ID theft
News According to figures form APACS (Association for Payment Clearing Services), fraud fell by five per cent in 2003 - down from £426.4m in 2002 and £402.4m last year. One such move by the UK banking industry to set up an anti-credit-card fraud unit... [26 Aug 2004]
Keep updated for stories matching fraud payment card industry via RSS
