Thursday, July 24 - 2008

Credit card fraud is growing problem

Monday, January 21 - 2008 at 08:05

About 125 million pounds are lost annually in the Middle East as a result of credit card fraud, according Paul Rodgers, chairman of Vendorcom, a UK-based membership organisation representing stakeholders in the payment card industry. He said credit card fraud is growing 20% in the region, which will continue to be vulnerable until more systems and processes are put in place to prevent fraud, reported Gulf News.

Jeff  Florian Jeff Florian, Senior Reporter
Monday, January 21 - 2008 at 08:05 UAE local time (GMT+4)

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