Online resellers have spoken of the need for unwavering vigilance in tackling
card-not-present fraud (CNP) while appealing to credit card companies for more
help.
Recent figures released by payment association
Apacs
found fraud cost the UK £301.7m during the first six months of 2008, a 14 per
cent increase on last year. CNP fraud, which includes internet, phone and mail
fraud, rose 18 per cent to £161.9m.
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Apacs representative Mark Bowerman said: “We are never on a level playing
field because the number of online shops is always increasing.”
Bowerman welcomed the recent announcement that the Metropolitan Police and
the Home Office will pour £7m of funding into the Police Central E-crime Unit,
which is set to open next year.
Barry Dodhia, marketing manager at VAR
Hemini,
claimed dealing with the problem of CNP fraud was incumbent on credit card
firms.
“Online fraud hits us in the pocket,” said Dodhia. “The police have limited
resources so credit card companies should bear the brunt of this. Their measures
can be half-hearted and need to be more stringent.”
Reseller
Printerland
sells online, and managing director James Kight claimed more help from card
issuers would be appreciated, but stressed the importance of his company’s own
rigorous measures.
“We have very strict measures and do full credit checks which, rather than
being an obstacle, customers actually like,” he said. “A lot of fraud follows
similar patterns; it is all about awareness.”
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