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UK Fraud Reaches 12-Year High

0802 The UK saw over £1 billion (US$1.96 billion) of fraud coming before the courts in 2007.The vast majority (90 percent by value) of court cases involved organized gangs carrying out white-collar crimes such as ID theft and VAT (value-added tax) scams....

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electronic cash

electronic cash

Electronic Cash System 1. What is the electronic cash system? Electronic cash is the debit POS-system in euro operated by the German banking industry. It is a strictly PIN-based debit system where transactions are debited to the cardholders current account...

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Netherlands: Pin transactions up 9.5%

According to figures by Currence, supermarkets accounted for 35% of PIN transaction followed by petrol stations and fashion retailers with 9.5% and 8.9% respectively. Total PIN transactions reached 1.59bn in 2007, an increase of 9.5% compared with 2006....

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