Card Fraud RSS

Markets across Europe have made significant gains in the fight against card fraud, specifically in France and the UK, which achieved 6% and 8% reductions. Despite this, losses across the... more

The post Fraud losses rising across Europe – UK see 8% drop in card fraud appeared first on Payments Cards & Mobile.

In June 2018, Indian police in Mumbai, the countries financial capital, broke the back of a card fraud and cloning racket that involved waiters at bars and restaurants across the city... more

The post Indian card fraud sky rockets as cashless Indian society reality bites appeared first on Payments Cards & Mobile.

Clearing up the mess left behind by fraudsters is a serious challenge and sees financial institutions having to absorb the monetary and logistical damage of card payment fraud daily. Meanwhile,... more

The post Biometrics – Giving the finger to fraud appeared first on Payments Cards & Mobile.

FICO has released its annual interactive map of European card fraud, which shows that card fraud losses for 19 European countries hit approximately €1.8 billion, a new high. The UK saw the highest losses at £618 million, a 9% rise over 2015, topping the previous peak in card fraud, set in 2008 after the introduction [...]

The post European card fraud for 19 countries hits record €1.8 billion in 2016 appeared first on Payments Cards & Mobile.

So, contactless card fraud hit £7m in the UK in 2016, up from £153k in 2014. Cue click-bait headlines about fraud soaring by almost 4,500%. When you dig a bit deeper, this is both mischievous scaremongering and quite misleading. contactless card, card fraud, contactless fraud, fraud Salacious spending spree Firstly, the article explains how contactless card theft allows [...]

The post Contactless card fraud is on the rise – UK rate hits 4,500% appeared first on Payments Cards & Mobile.