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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. An Apacs spokeswoman said this fall is mainly due to the introduction of chip and PIN payment tech in...
[15 Mar 2007]
News The figures, from banking industry body Apacs, show use of retail debit card use up nine per cent on 2004 figures of £82bn. A spokeswoman for Apacs told silicon.com: "We're increasingly going for debit cards over cash.
[19 Apr 2006]
News The Chip and PIN project, which is backed by payment clearing body APACS, banks, card issuers and the British Retail Consortium, aims to issue 42 million people with 120 million of the new cards by 2005 as part of plans to cut the UK's £424m...
[26 Jan 2004]
News More than 185 chip and PIN transactions take place every second, compared with 125 per second a year ago, according to payment body Apacs (Association for Payment Clearing Service). Roughly 900,000 shop tills have been upgraded to chip and PIN...
[15 Feb 2007]
News It is the first year the online fraud figures have been collected but total UK card fraud losses rose 20 per cent to £504.8m in 2004 as revealed in the annual figures by UK payments body APACS. APACS put some of this down to thieves targeting the...
[08 Mar 2005]
News The Association of Payments and Clearing Services (Apacs) has set a deadline of October this year to design a system to cope with demands for faster transactions. Paul Smee, CEO of Apacs, said: "The driver behind changes in payments should be...
[25 May 2005]
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]
News UK payments association Apacs has guaranteed those affected - up to 400,000 people, or 1.6 per cent of today's Bacs payments - will receive their normal salary payments on Monday.silicon.com Financial Services
[30 Mar 2007]
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]
News Identity theft emails, known as phishing attacks, cost banks £12m last year, according to the Association of Payment and Clearing Systems (APACS). We are looking to get a UK standard for next month," said a spokesman for APACS.
[14 Apr 2005]
News The 'card-not-present' phenomenon has risen by a third over the last two years, and is largely perpetrated online by criminals using credit card details from customer receipts that have not been shredded or destroyed, according to payment body the...
[10 Nov 2003]
News Earlier this year the Payments System Task Force, chaired by the Office of Fair Trading (OFT), gave the banking industry and UK payments body Apacs six months to come up with a plan to speed up payment processing.
[19 Dec 2005]
whitepaper AAMS had already AAMS developed APACS, an automated access control system consisting of five modules. An APACS security object is a building, an office, or other facility under protective surveillance.
[24 Feb 2004]
News The first misleading calculation is the inclusion of figures from card payments body APACS totalling £504.8m. APACS spokesman Mark Bowerman told silicon.com that ID fraud actually cost the payments industry just £36.9m in 2004 and that for the...
[02 Feb 2006]
News The figures from banking industry group Apacs show that UK banks have issued 130 million chip and PIN cards - a figure that equates to 92 per cent of 141 million cards. Apacs said that as a result of the switchover, shoppers are safer and that...
[15 Aug 2006]
News According to research from Apacs, the voice of the banking industry, cheque usage is declining rapidly. By 2004 that number had halved to six million a day, and Apacs predicts that in 2014 just 3.5 million will be written every day.
[03 Apr 2006]
News A spokesman for UK payment trade association, Apacs - which is involved in the project - told silicon.com: "It's not common sense to launch it if we don't have 100 per cent confidence in the reliability of it.
[13 Jul 2007]
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]
News The change in the law comes after collaboration between payments industry body Apacs, the Child Exploitation and Online Protection Centre, the Department for Constitutional Affairs, the Home Office and children's charities.
[20 Jul 2006]
News HBOS has slammed the initiative, claiming it breaches the voluntary guidelines laid down by banking watchdog the Association of Payment and Clearing Services (APACS). A spokeswoman for the bank told silicon.com: "We are disappointed that it does...
[17 May 2002]
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