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ACI Worldwide, one of the leading providers of software and solutions for electronic payments, is working to reduce credit card fraud, which their surveys indicate is steadily rising. They urge financial institutions and customers to be aware and take preventive action. According to a recent survey of about 2,400 individuals in several countries, the U.K. [...]  The good news is that losses due to credit card fraud in the U.K. have decreased by the greatest percentage since 1999, when the first statistics were released. The not-so-good news is that companies and consumers are still losing a lot of money as a result of fraud, but the tide may be turning against [...] Financial services firms have received more fraudulent applications so far this year than the later months of last year. According to research done by Experian, the number of these applications increased in number by over one-third in the first half of this year. The analysis from Experian shows that roughly 19 people out of every 10,000 [...] |
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