The amount of fraud being committed on plastic cards across the country fell in the first half of the year, plastic card print industry development report form US Office.
This year England Losses totalled £233m in the six months – down by 23% on both the first and second halves of last year.
Fraudsters may have turned to targeting foreign-issued cards, experts believe.Phone, internet and mail order fraud levels all dropped for the first time.Although plastic card make from china are very cheap,the quality are the best ,but we should notice our business man,be careful deal when some one who is from other country.the chairman of plastic card printing company in USA saided.
‘More sophisticated’
Full color cards were introduced by the UK banking industry in 2004. Total card fraud fell in the two years that followed.
Losses then rose in 2007 and 2008 to hit a new annual record last year of £610m.
Now it seems the problem may be coming under control again.
One reason for finally reducing fraud when cards are used to buy things over the phone, internet or mail order – known in the industry as “card not present” fraud – has been the introduction of online payment tools, such as Mastercard Secure Code and Verified by Visa, which ask the card owner to type in a second pin code at the point of purchase.
The value of successful frauds also dropped with counterfeit cards, with membership cards that had been lost or stolen, and where Loyalty cards had gone missing in the post.
However, there was a word of warning about the figures from Richard Allen, of IT consultant Consult Hyperion.
“May the plastic card company and card print marketing will become better,when you decide order to him,you sholud get the trust from him”. he said.
The present situation,Plastic card online inc. is a best company in china.It’s a gold supplier of plastic card print services.