Association for Payment Clearing Services (Apacs)

68 results about this entity

Period: 15 Sep 2004 - 24 Feb 2010

Apacs staffer outed as anonymous Chip and PIN research basher

A computer registered to UK payments body Apacs was used to anonymously rubbish research by Cambridge University academics into vulnerabilities in the Chip and PIN system.

Brits ditch credit for debit cards - Apacs

Brits are turning away from credit to debit cards during the recession, according to payments association Apacs.

Apacs figures chart the slow death of cheques

Brits continued to turn away from cheques and towards plastic debit cards to make payments in 2008, according to figures from Apacs.

Online banking fraud soars in UK

Online banking fraud losses in the UK reached £52.5 million in 2008, a whopping 132% increase on the previous year's tally of £22.6 million, according to annual fraud figures released by payments association Apacs.

Apacs warns of phone scam comeback

Brits are being warned by payments association Apacs about the resurgence of old-style phone scams, where fraudsters posing as bank security staff call victims and dupe them into handing over their card details.

Faster Payments stalls among non-clearing banks

The UK's Faster Payments service has had a successful start among the founding clearing banks since its launch last May but adoption of the system by other financial institutions has been disappointing, according to a survey from MPI Europe.

Credit card issuers to share 'behavioural data' on customer accounts

UK credit card issuers have agreed a framework for sharing 'behavioural data' on their customers' accounts as part of an initiative to meet political demands for responsible lending practices.

UK online banking fraud soars

Industry losses from online banking fraud increased a massive 185% in the first half of the year to £21.4 million, according to figures released by UK payments association Apacs.

Money mule scams on the rise

UK payments association Apacs is warning of a rise in the number of 'money mule' recruitment adverts, where criminals attempt to lure bank account holders into illegally transferring funds across borders.

Apacs talks up take-up of online card security schemes

Cardholder take-up of the MasterCard SecureCode and Verified by Visa online authentication services has increased by 600% over the past two years, according to stats from UK payments group Apacs.

Police arrest third suspect in Chip and PIN crime probe

Police in the UK have arrested a third man, believed to be the engineering brains behind a sophisticated programme to read and transmit customer PINs as they are entered at compromised Chip and PIN terminals in retailer check-outs.

UK police bust Chip and PIN crime factory

Officers from the UK's Dedicated Cheque and Plastic Crime Unit (DCPCU) have raided a counterfeit card factory in Birmingham and seized equipment that could be used to compromise retailer Chip & PIN terminals.