The latest official figures from the UK payment clearing association Apacs show that credit card fraud has fallen by 5% compared to last year’s figures. Total fraud in the first six months of 2006 amounted to just under £210m, which represents a 17% drop over the same period in 2004.

The introduction of chip and pin technology has been credited with the improvement.

This entry was posted on Wednesday, November 8th, 2006 at 5:14 pm and is filed under Card Fraud. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.