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News roundup--card-not-present fraud down 19 percent, and more


By Catalogue e-business | Publication date: 10/03/2010 | Category: News

 

Figures released by the UK Cards Association (formerly APACS) show that for the first time card-not-present fraud has shown a year-on-year decrease—down 19 percent from £328.4 million in 2008 to £266.4 million last year. Reasons for the decrease include retailers’ use of sophisticated fraud screening detection tools and the take-up of online fraud prevention schemes MasterCard SecureCode and Verified by Visa, by both online retailers and cardholders.

Royal Mail
has formed an arrangement with UK Mail, reports the Times. The deal sees UK Mail handle the bulk mailing of packets up to 5kg for Royal Mail to complete final mile delivery.

Department store chain John Lewis has given commercial director Andrea O'Donnell responsibility for retail development in addition to her current remit for multichannel and online selling.

 

 

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