apacs in news
RSS apacs in newsCash still king - but contactless cards challenge
News Sandra Quinn, director of communications at payments industry body Apacs, which carried out the research, said despite the consumer's continuing love affair with cards, cash remains the first choice for small value payments. [13 Mar 2007]
£1.1bn fraud-busting bank card scheme goes nationwide
News The 'Chip and Pin' project, which is backed by payment clearing body APACS, banks and the British Retail Consortium aims to issue 42 million people with 120m of the new cards by 2005. Sandra Quinn, spokeswoman for APACS, said: "The first chip and... [02 Oct 2003]
£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]
Chip and PIN slaps face-to-face fraud
News But card fraud overall has only dipped by a few per cent according to payments industry organisation Apacs, with much of it migrating to card-not-present (CNP) fraud and overseas transactions. According to Apacs cards and fraud control manager of... [02 May 2007]
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. An Apacs spokeswoman said this fall is mainly due to the introduction of chip and PIN payment tech in... [15 Mar 2007]
£1.1bn anti-fraud card scheme still on track
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]
Card spending beats cash
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]
Chip and PIN on 98 per cent of UK tills
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]
Phishing and key-logging Trojans cost UK banks £12m
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]
Banks to cut transaction times
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]
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]
Database glitch delays salary payments
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]
Banks agree to increase web security
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]
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]
£110m internet card fraud down to shoppers
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]
