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UK banks outperform rest of Europe in reducing card fraud
UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the... more
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The un-virtuous circle of chargebacks
Chargebacks have been part of card scheme dispute resolution rules for decades and reflect consumer protection regulations in many countries. However they are also the ultimate un-virtuous circle where almost everyone ends up unhappy. Some of the parties also end up out of pocket. A chargeback is when a card payment is returned. This may [...]
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Card fraud losses soar in 2015 – large rises in key European markets
FICO reveals the UK saw Europe’s largest annual jump in card fraud losses for 2015. Most of the 18% rise in losses came from online transactions, reflecting the growth in this channel, the ease of accessibility to funds and lower risk for criminals, and the theft of personal data through cybercrime. The online map, based [...]
The post Card fraud losses soar in 2015 – large rises in key European markets appeared first on Payments Cards & Mobile.
