Fraud falling under Chip and PIN

Tuesday, 14 March 2006, 1:57 PM EST

Chip and PIN technology has helped cut credit card fraud by 13 per cent in the last year, its first decline in a decade, according to new figures.

Data from the Association of Payment Clearing Services (Apacs) shows that losses due to the fraudulent use of credit and debit cards fell last year by £65m to £439m.

At The Register.

[ Read more ]




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