Posts Tagged ‘UK Cards Association’

Card fraud continues to fall

The UK Cards Association has today revealed that credit and debit card fraud continues to decline. According to the Association, fraud losses on UK credit and debit cards totalled £365.4 million in the 2010 year – a drop of 17% compared with 2009. The figure represented a 10-year low and compares with the record high [...]

Credit card fraud falls, online banking fraud grows

The UK Cards Association has today revealed a fall in credit and debit card fraud – partly due to the introduction of chip-and-pin.
According to the Association, fraud losses on UK credit and debit cards totalled £440.3 million in 2009 – a fall of 28% compared with 2008 and the first annual decline since 2006.
While it [...]

Credit card industry responds to Government proposals

The UK credit card industry has agreed to Government proposals to help credit card holders manage their debt.
As part of a crackdown on credit card companies, the Government recently warned credit and store card firms to “clean up their act.”
One of the main issues was for credit card companies to stop increasing interest rates [...]