fraud payment card industry in news
PC security warning for banking online
News Apacs said, as with card fraud, banks still assess online banking fraud on a case by case basis. Victims of online banking fraud who repeatedly fail to take appropriate security measures could be left out of pocket, the industry has warned. [16 Jun 2008]
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]
Card fraud up by a quarter to £535m
News Card fraud rose by 25 per cent in 2007, according to the latest figures from payment clearing industry body Apacs. Apacs said £535.2m was lost to card fraud overall last year, due mainly to stolen UK card details used in countries yet to upgrade to... [12 Mar 2008]
Online fraud up but card fraud down
News Total losses through card fraud fell by three per cent in 2006 - from £439.4m in 2005 to £428m - according to the UK payments industry body Apacs. The banking industry is working on the next generation of fraud prevention for card-not-present... [15 Mar 2007]
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]
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]
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]
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]
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