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Sunday, May 17,2009
APACS annouces Card fraud losses
Fraud loss figures released today (19 March 2009) by APACS, the UK payments association, show that card fraud losses totalled £609.9m in 2008. The two main areas of fraud were on transactions not protected by chip and PIN: specifically internet, phone and mail order fraud; and fraud abroad - committed by criminals using stolen UK card details in countries yet to upgrade to chip and PIN - which has nearly doubled in two years.
Card-not-present fraud losses have increased by 13 per cent o...
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Wednesday, November 04,2009
3W Sentry Card Security Technology launched on Paymenex
Paymenex Inc. the operator of Paymenex™ TransNET which its members use to deliver Paymenex range of cards and D-Voucher to their customers, has implemented the 3W Sentry Card Technology in their online card payment system to strengthen the security of card-not-present fraud.
Paymenex TransNET is an all-in-one payment and financial transaction platform with a sophisticated 3 tie card security that provides a secure and reliable global network for processing financial t...
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