Simplyhealth Dental Plan
Affordable cover from only £7.50 per month. Join now and get first month FREE
Income Protection Insurance
Get an instant quote with the award winning company
Amex Cash Back
Credit Card
Get 5% cash back on purchases with Amex


Student Credit Cards

Credit Cards for College Students

more...

Business Credit Cards

Cards for small to corporate level business owners

more...

Top Ten Credit Card Providers      Compare Credit Card Quotes
Overall credit card fraud down

Thu, 11 Mar 2010

Financial experts have welcomed the news that credit card fraud is down, although they have warned that criminals are still operating online.

Figures from The UK Cards Association show that fraud went down by 28 per cent between 2008 and 2009 to £440.3 million, largely as a result of initiatives such as chip and PIN and fraud detection tools used by banks and retailers.

Melanie Johnson, chair of The UK Cards Association, said: "A fall in card fraud is good news for everyone - UK consumers, retailers and the industry.

"We recognise that cards will always be targeted by criminals, so we are determined not only to continue to prevent, detect and deter those who are behind this type of crime, but also to make sure that innocent victims don't lose out."

There was a worrying statistic, however, with the revelation that online banking fraud went up by 14 per cent to £59.7 million through malware and phishing incidents.

Finance expert uSwitch said that people needed to be educated more about the dangers online and warned consumers to be aware of emails asking them for their credit card information.

Link to this page

Copy and Paste the following HTML into your page.

news content
Search


Balance Transfer Cards

Transfer your high interest balance onto a low APR credit card.

more...

Rewards Credit Cards

Apply for a credit card that "Rewards" you for your purchases.

more...


Links

onlineloans.co.uk
e-banking.co.uk