payment card industry in news
Brits lose £120m to foreign card fraud
News In the meantime, Apacs recommends consumers sign up to secure online payment services such as Verified by Visa and MasterCard SecureCode, which currently have around 25 million users in the UK. According to payments... [01 Oct 2008]
Online security services reach 25 million cards
News More than 25 million credit and debit cards have been signed up to secure online payment services such as Verified by Visa and MasterCard SecureCode. Fraud figures from Apacs show internet card fraud... [23 Sep 2008]
Barclays contactless: More cards, more retailers
News Barclays launched its first contactless card, OnePulse one year ago, which combined a normal credit card facilities with Oyster travelcard and contactless payment functionality.... [08 Sep 2008]
Criminals hack chip and PIN terminals
News This type of fraud increased by 77 per cent last year to £207.6m, according to figures from UK payment industry body Apacs. Criminal gangs are hacking chip and PIN terminals to steal customer... [14 Aug 2008]
PC security warning for banking online
News A spokeswoman for UK payment association, Apacs, told silicon.com: "It's advice. Apacs said, as with card fraud, banks still assess online banking fraud on a case by case basis. Victims of online banking... [16 Jun 2008]
Whitbread serves up £1m saving on card payments
News The implementation has also given the hospitality company the opportunity to upgrade 90 per cent of its card readers to Payment Card Industry standard. Hospitality group... [07 May 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... [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... [12 Mar 2008]
Cheques gone by 2018?
News A banking industry consultation on the future of payment mechanisms in the UK is calling for cheques to be completely phased out by 2018. A smaller amount of any one sort of payment... [27 Nov 2007]
'Tap and go' plastic arrives in London
News In a similar vein to London Underground's Oyster Card, contactless cards transmit payment details wirelessly between the PayPass card and a retailer's terminal. The so-called "tap and... [04 Sep 2007]
Would you credit it? The debit card turns 20
News The ability to make a payment accurately without having to send off a cheque has created this online channel for retailers. The debit card is 20 years old this weekend. With the launch of the Barclays... [01 Jun 2007]
Online fraud up but card fraud down
News An Apacs spokeswoman said this fall is mainly due to the introduction of chip and PIN payment tech in the UK. Total losses through card fraud fell by three per cent in 2006 - from £439.4m in 2005 to... [15 Mar 2007]
Chip and PIN rollout '95 per cent complete'
News Valentine's Day this year marked the day when retailers who accept payment by credit and debit card with a signature rather than a PIN number became liable for any loss if the transaction proves to be... [27 Nov 2006]
Credit card companies forge security alliance
News The newly formed Payment Card International (PCI) Security Standards Council will manage the PCI Data Security Standard, first established in January 2005 with the intention of making its implementation... [08 Sep 2006]
Is chip and PIN really a success?
News In Eastern Europe [Hungary and Russia] they have a much better system than chip and PIN - when you make a payment you get a text. They say while more than 150 chip and PIN transactions are processed every second... [15 Aug 2006]
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