The
Association for Payment Clearing Services and police have joined forces to warn the public about the thefts.
It's the latest growth industry on the internet," said Sandra Quinn of the
Association for Payment Clearing Services, which oversees money movements.
The increase was mainly due to a jump in counterfeiting cards, which more than doubled during 2000, as well as a 94% rise in fraud using stolen credit card details to pay for things over the telephone or internet, according to the
Association for Payment Clearing Services.
A spokesman for the
Association for Payment Clearing Services (APACS) said the finance sector was investing pounds 1 billion to finance innovative new schemes to fight credit card and banking fraud.
1 million increase year on year, according to figures revealed by the
Association for Payment Clearing Services (APACS) at a conference (3 March 1992).
The
Association for Payment Clearing Services (APACS) said the cheque is fast becoming a thing of the past - thanks to the plastic card boom.
The rise is attributed to fraudsters increasing their activity before the security benefits of chip and PIN are fully realised, the
Association for Payment Clearing Services said.
According to the
Association for Payment Clearing Services (APACS), card use to help charities more than trebled compared with last year.
The
Association for Payment Clearing Services believes a transaction made at 10.
Sandra Quinn, director of corporate communications for the
Association for Payment Clearing Services (APACS), said criminals install a pin hole camera underneath the top of the cash point to record a person's PIN number as they key it in.
