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Apacs head of IT steps down
News Apacs IT chief Sue Yeo has left the organisation following a management restructure at the payment industry body. According to an Apacs spokesman, Yeo decided to take voluntary redundancy as a result of the management restructure.
[March 31, 2008, 10:25]
Christmas online spending to break £5bn barrier
News UK shoppers are forecast to spend more than £5bn online during December, according to UK payments association Apacs. Apacs recently estimated that the combined spending through cards, cash and cheques will hit £53bn for December — an increase of...
[December 3, 2007, 11:22]
Online banking fraud plunges
News Online banking fraud has fallen by 67 percent during the first six months of 2007 compared to the same period last year, according to UK payments association Apacs. Apacs said the introduction of chip and PIN has made it harder for criminals to...
[October 4, 2007, 18:22]
Shell's £1m chip and PIN fraud 'an inside job'
News A £1m chip and PIN fraud at a Shell petrol station was "an inside job", according to UK payments body Apacs. But a spokeswoman from Apacs said criminals must have had easy access to PIN pads in order to modify them to enable the theft of PIN...
[May 9, 2006, 16:10]
Cost of online-banking fraud doubled in 2008
News According to figures from payments industry association Apacs, online-banking fraud reached £52.5m — a 132 percent increase on 2007's figure of £22.6m. According to a spokeswoman for Apacs, the rise can be attributed partly to the increase in...
[March 23, 2009, 7:42]
UK falling victim to foreign card fraud
News According to payments-industry body Apacs, the amount UK retailers lose to card fraud has dropped by around a third since the chip and PIN technology was adopted in 2005, now standing at £47.4m for the period between January and June this year.
[October 2, 2008, 8:11]
Bank customers 'becoming more phishing-savvy'
News The Association of Payment and Clearing Services (APACS) has claimed that banking customers are waking up to the threats of online fraud. Speaking to ZDNet UK on Wednesday, an APACS spokeswoman said that although last year's figures for online...
[March 23, 2005, 17:20]
UK sees sharp rise in phishing attacks
News Phishing email attacks on the UK have gone up by 200 percent this year, the UK payments association Apacs has warned. Apacs said consumers must be vigilant after the number of reported incidents shot up by more than 10,000 during the first quarter...
[April 17, 2008, 9:10]
Lords probes online security risks
News On Wednesday, witnesses from the UK payments association (APACS), the Financial Services Authority (FSA) and Visa gave evidence about the level of online threat to consumers, the types of fraud being perpetrated, and how financial services...
[December 14, 2006, 16:29]
Online banking security standard 'by the end of 2005'
News A UK authentication standard for online and telephone banking will be launched before the end the year, the Association of Payment and Clearing Systems (APACS) said on Monday. The UK standard will take the form of a small device in which you insert...
[October 17, 2005, 15:45]
Phishing attacks surge
News There has been a massive increase in the number of attempted phishing attacks and a huge rise in the amount of money lost to online fraud, according to APACS, the UK payment services association. The Association of Payment Clearing Services (APACS...
[November 7, 2006, 15:10]
Online fraud on the up
News Fraudsters spent £58m using stolen credit cards online in the first half of this year, and stole £14.5m from Internet banking accounts, according to new figures from payments association APACS. Card not present fraud - made up of Internet, phone...
[November 8, 2005, 15:20]
Banks fear ID cards have lost useful features
News The UK payments association Apacs — whose members includes the UK's major high-street banks — is worried that security features which would have made the card useful for checking identity in large money transfers and online transactions have been...
[February 2, 2009, 7:33]
UK online spending up 50 percent
News UK online shopping revenues increased by 50 percent last year and for the first time, more goods and services will be bought using credit card and debit cards than cash, according to a report published by the Association for Payment Clearing...
[July 8, 2004, 13:35]
'Smart' bank card scheme goes nationwide
News The 'Chip and PIN' project, which is backed by payment clearing body APACS, banks and the British Retail Consortium aims to issue 42 million people with 120m of the new cards by 2005. Sandra Quinn, spokeswoman for APACS, said: "The first chip and...
[October 2, 2003, 16:40]
Banks nearing agreement on Web security
News Identity theft emails, known as phishing attacks, cost banks £12m last year, according to the Association of Payment and Clearing Systems (APACS). We are looking to get a UK standard for next month," said a spokesman for APACS.
[April 14, 2005, 16:05]
Consumers warned over growing Internet card fraud
News The 'card-not-present' phenomenon has risen by a third over the last two years, and is largely perpetrated online by criminals using credit card details from customer receipts that have not been shredded or destroyed, according to payment body the...
[November 11, 2003, 14:45]
China becoming haven for phishers
News Last week, the Association of Payment and Clearing Services (APACS) claimed that banking customers are waking up to the threats of online fraud. Increasingly customers are realising that banks don't communicate this way and that they shouldn't...
[March 29, 2005, 12:35]
Lloyds TSB to trial two-factor authentication
News Lloyds is working closely with APACS (the Association of Payment and Clearing Systems) and other members of a working group to develop a standard authentication device for online banking and shopping, Lloyds said.
[October 14, 2005, 13:30]
Police raid chip and PIN hacking operation
News This type of fraud increased by 77 percent last year to £207.6m, according to figures from UK payment industry body Apacs. BRC members have been working closely with the police and Apacs to further their investigations and minimise any impact on...
[August 15, 2008, 9:28]
