Credit Card News Association For Payment Clearing Services Reports Plastic Card Fraud Figures 2997105
Association for Payment Clearing Services reports plastic card fraud figures
08 March 2004
The figures for fraud on UK-based transactions has seen a very slight increase, and fraud on lost and stolen cards and counterfeit fraud accounted for more than
half of all plastic card fraud. However, the organisation expects to see a drop when the new chip and PIN system is introduced.