credit card payment industry apacs
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Police chief: Cyber crime is everywhere
News Her warning came as payment clearing industry body Apacs released figures showing that £532.2m was lost to card fraud in 2007 - a 25 per cent rise since 2006. Lemon warned that the internet was fuelling a rise in global credit card fraud and that... [19 Mar 2008]
'Tap and go' plastic arrives in London
News Payments industry body Apacs estimates more than five million contactless cards will be issued by the end of 2008 in the UK and that they will be accepted by at least 100,000 retailers. The so-called "tap and go" payment feature can be added to any... [04 Sep 2007]
Cheat Sheet: Chip and PIN
Cheat Sheet Since Chip and PIN was launched Apacs, the UK payment industry body, says it has had a significant impact in reducing fraud. Apacs also points out that in 2002, it forecast card fraud would hit £800m by 2005 if Chip and PIN was not brought in, so... [13 Jun 2007]
Would you credit it? The debit card turns 20
News According to figures from industry group Apacs, 143 purchases are made with them every second, accounting for 6.8 billion transactions per year. The ability to make a payment accurately without having to send off a cheque has created this online... [01 Jun 2007]
Chip and PIN rollout '95 per cent complete'
News There are around 900,000 face-to-face point-of-sale terminals across the UK and 860,000 - 95 per cent - have been upgraded to chip and PIN, according to payment industry body Apacs. A spokesman for Apacs said it is not compulsory for any retailer... [27 Nov 2006]
Plastic for the people - cash ditched for cards
News Apacs said people are using debit cards rather than credit cards because they have become better at avoiding debt. According to figures from banking industry body Apacs, consumers spent a record level of £26.4bn per month via plastic cards in the... [01 Aug 2006]
Plastic fantastic - the future of credit cards
News Industry body Apacs reports there are 31.6 million credit card holders in the UK today. But with contactless payment projects from the likes of MasterCard and Visa, and Transport for London - which uses the Oyster smartcard ticketing system... [04 Jul 2006]
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. Half-year figures for fraud on card-not-present transactions and identity theft on... [10 Oct 2005]
Chip and PIN heads for cyberspace
News Apacs, the Association for Payment Clearing Services, which is overseeing the rollout, insists that the new cards are much more secure than the old magnetic strip cards, despite claims that shoulder surfing and other tricks are undermining them. [27 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]
Cheat Sheet: ID cards
Cheat Sheet Indeed, payment industry body APACS recently said the banking industry had ruled out biometrics on credit and debit cards because the false rejection levels are still too high for use on that kind of scale. [22 Nov 2004]
Leader: Blunkett should rethink ID card "folly"
Leader At an event last week the card payment industry body APACS said the financial industry has rejected the use of biometrics for credit and debit cards because of the technology's false rejection rates. Home Secretary David Blunkett threw down the... [17 Nov 2004]
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]
£400m card-fraud fight aided by intelligence systems
News The annual figures from the Association of Payment Clearing Services (APACS) show a five per cent drop in fraud due to a reduction in the amount of fraud committed abroad on UK cards. APACS said the introduction of chip and PIN, which will replace... [09 Mar 2004]
William Hill stacks the odds against net fraudsters
News In March, the Association of Payment Clearing Services (APACS) said credit card losses for 2000 were up to £292.6m - £57m of which came from card-not-present transactions. Trustmarque's software, RiskGuardian, runs every individual online... [13 Aug 2001]
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