Chip-and-PIN linked to drop in card fraud

Thursday, 13 October 2005, 12:32 AM EST

Credit card fraud has fallen by nearly a third following the introduction of chip-and-PIN technology, according to figures published this week. Banking industry group Apacs says fraud associated with lost, stolen or counterfeit cards fell by £36m from January to June 2005, or 29 per cent compared with the same period last year.

By Miya Knights at Computing.

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