Tag: Apacs

Free credit card advice for travellers

Free credit card advice for travellers

A new guide published this week advises credit card holders on using their card overseas. According to UK Cards Association APACS, over 3% of credit card payments by Brits are made overseas. The APACS guide provides advice for holidaymakers and business travellers on the best places to withdraw cash abroad and on keeping card details [...]

June 8, 2009 | 0 Comments More
Brits ditch credit cards for debit

Brits ditch credit cards for debit

UK consumers are spending more on debit cards and less on credit cards since the onset of the recession, payments association Apacs revealed this month. Brits spent 4% more on their debit cards in the first three months of this year compared to the year ago period, whilst credit card spending dropped 3% despite an [...]

May 22, 2009 | 0 Comments More
Brits only spending what they can afford

Brits only spending what they can afford

UK credit card holders are only spending what they can afford to pay off at the end of the month, according to statistics released this week. APACS figures show that gross credit card lending for the first quarter of 2009 was £30.3 billion, whilst cardholders repaid £29.6 billion. Credit rating provider Equifax believes this is [...]

May 19, 2009 | 0 Comments More
Online banking fraud increase 132%

Online banking fraud increase 132%

UK payment services organisation, APACS, has published a round-up of fraud losses during 2008. Card fraud losses total £609.9 million, online banking fraud £52.5 million and cheque fraud losses amounted to £41.9 million. In the case of card fraud, the two main areas of criminal activity involved transactions not protected by chip and PIN (specifically [...]

March 20, 2009 | 0 Comments More
Police warn of new chip-and-pin fraud

Police warn of new chip-and-pin fraud

A new chip-and-pin device has been developed by fraudsters which allows them to tamper with chip-and-pin machines. The new scam was unveiled yesterday as police raided a counterfeit card factory in Birmingham and discovered technology being used to steal consumer’s details and make fake cards. Police are warning consumers that the devices are hidden inside [...]

August 13, 2008 | 0 Comments More
Consumers not excited about contactless payment cards

Consumers not excited about contactless payment cards

According to figures from APACS, the UK payments association, consumers have not been won over by contactless payment cards. The cards allow consumers to buy small-ticket items on a credit or debit card without actually having to hand any plastic over or enter a pin. The cards have already been launched in London but Apacs [...]

June 27, 2008 | 0 Comments More
Mobile phones to be used to pay for items

Mobile phones to be used to pay for items

According to the UK payments association, Apacs, mobile phones will soon allow people to pay for items. The organisation believes that mobile phones are a key part of the payment revolution as the number of people using credit cards and other plastic alternatives is increasing. The next step forward is clearly contactless transactions through mobile [...]

June 16, 2008 | 0 Comments More
Faster Payments Service starts today

Faster Payments Service starts today

The £300 million Faster Payments Service, developed by 13 banks, gets underway today. The 13 banks included in the scheme are Abbey, Alliance and Leicester, Barclays, Citi, Clydesdale and Yorkshire Banks (National Australia Group), Co-operative Bank, HBOS, HSBC, Lloyds TSB, Nationwide Building Society, Northern Bank (Danske Bank), Northern Rock, and Royal Bank of Scotland Group [...]

May 27, 2008 | 0 Comments More