Association for Payment Clearing Services (Apacs)

68 results about this entity

Period: 15 Sep 2004 - 24 Feb 2010

Phishing figures worry FSA

The UK financial services sector has experienced an 8000% increase in online phishing scams in the past two years, according to figures presented by the Financial Services Authority.

Lords committee to grill financial organisations on customer data security

As part of an inquiry into personal Internet security, the UK's House of Lords will next week hear evidence from Apacs, The Financial Services Authority (FSA), Visa and the Royal Bank of Scotland (RSA) on policies that are in place to protect consumers from ID theft.

UK banks prepare to test online shopping authentication system

UK payments body Apacs is liaising with banks, card schemes, retailers and systems vendors on the introduction of an authentication system for use in both online and telephone shopping, as the latest fraud figures show rising levels of CNP (card not present) crime.

UK leads Europe for ATM usage

The number of cash machines in the UK has more than doubled in the past six years and Brits make the largest number of ATM withdrawals per year of any country in the EU - some 2.7 billion transactions in 2005, or more than 42 per person.

UK shoppers switching to the Web

The latest research from the Association for Payment Clearing Services (Apacs) shows that for the first time more than half of all UK adults made an online purchase during 2005.

Apacs signs with Attenda for disaster recovery services

The UK's Association for Payment Clearing Services (Apacs) has contracted with IT outsourcing firm Attenda Limited for the provision of disaster recovery services.

UK banks rocked by £1 million Chip & PIN card cloning fraud

The UK banking industry's massive investment in Chip & PIN payment cards has been brought into question after fraudsters stole more than £1 million from customers by implanting skimming devices in retailer PIN pads.

Debit card use outstrips cash for first time in UK

Debit card spending in retail outlets exceeded cash spending for the first time ever in the UK last year, according to stats from payments association Apacs.

UK phishing fraud losses double

Direct fraud losses from online phishing scams in the UK almost doubled in 2005 to £23.2m, according to statistics from the Association for Payment Clearing Services (Apacs).

Voca and Link win UK e-payments tender

Clearing house Voca and cash machine network operator Link have won a contract to supply a new near-real-time e-payments clearing system for the UK banking industry.

UK banks tender for new e-payments system

The UK's banks are on the verge of selecting a new clearing system that will cut the time it takes to transfer electronic payments between accounts.

Card fraudsters target the Web

Card-not-present (CNP) fraud jumped 29% to £90.6m in the first half of the year, mainly due to increasing levels of Internet fraud, according to the latest stats from the UK's Association for Payment Clearing Services (Apacs).