In the Media

UK card fraud rises above £500m

PUBLISHED March 8, 2005

Fraud involving credit and debit cards rose by a fifth to £504.8m last year, a bank payment body has said.

Much of the rise was due to an increase in crime involving cards lost or stolen in the post, the Association of Payment Clearing Services (Apacs) said.
Banks are replacing 140 million cards with new chip and pin cards, but Apacs said some of these were falling into the hands of fraudsters.