Smartcards 'pushing credit card crime to Australia'

Wednesday, 19 March 2003, 3:36 PM EST

The Australian Institute of Criminology (AIC) has raised the spectre of Australia becoming a haven for credit card criminals, in its latest research on electronic crime.

According the institute's latest research on e-crime displacement trends, Australia is in danger of becoming a hot-spot for magnetic-stripe card fraud, attracting criminals from locations such as Europe and other markets in the Asia-Pacific where take-up rates of cards with more sophisticated security protection features are higher.

Visa Australia, which is seeking to integrate its contact-less chip credit cards with smart card-based state public transport mass ticketing facilities, said Australia was in danger of becoming a main point of card fraud in the Asia Pacific region.

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