Jun 23, 2015
The tourism industry is a popular target for credit card fraud, according to a leading payment services provider – but there are ways to manage the risk. “Accommodation establishments like hotels, guesthouses and B&Bs are especially vulnerable when it comes...
Mar 31, 2015
FNB is seeing continuous growth in online shopping spend by its credit card holders. January 2015 statistics reveal that online shopping now accounts for 12% of total credit card purchases – a 7% increase from the same period in 2014. The majority of these online...
Mar 5, 2015
The Payment Card Industry Data Security Standard (PCI DSS) is a standard put in place by major card issuers – American Express, Visa, MasterCard, Discover and JBC – to govern the use and security of sensitive credit card information, says Simeon Tassev, MD and...
Jan 14, 2015
Card fraud is rampant in South Africa, and growing at an alarming rate. This year, losses due to credit card fraud have increased by 23% to R453,9-million, according to the latest statistics from the SA Banking Risk Information Centre, says Donovan Marais, channel...
Oct 8, 2014
FNB and Visa have reported a 15% reduction in credit card fraud. This is according to research on fraud awareness ad card fraud trends carried out by Columinate, and launched at the launch of the 10th Annual Card Security Week (CSW). “We found that while the overall...
