Category : Credit Card News

36 held as cheques scam nets millions: Parts 1 & 2


05th May 2006
An old story, but still interesting. Part 1: The Crime (Apr. 2005) Police arrested 36 people yesterday over a multi-million-pound chequebook scam involving Royal Mail workers. Those detained are believed to be members of a gang suspected of stealing c… more »
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Chip and Pin Fighting Credit Card Fraud


05th May 2006
Chip and pin has helped cut credit card fraud for the first time in a decade, it was claimed, as figures showed a sharp drop in card crime in 2005. The amount lost in credit and debit card fraud dropped last year by 13pc to £439m, according to UK paymen… more »
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Almost £1 Million Stolen in Credit Card Fraud


05th May 2006
Fraudsters working in shops, restaurants, service stations and a bank stole almost a £1 million in a credit card and banking scam. Staff employed behind the tills or in call centres stole nearly £900,000 in three separate "stings" after getting hold of… more »
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Huge Debts for One in Five Britons


03rd May 2006
Nearly one in five people in the UK have amassed debts of more than £10,000 on credit cards, loans, overdrafts and hire purchase agreements, a survey showed today. An estimated eight million people owe a five-figure sum, according to debt solutions firm… more »

Mastercard's Net Income Rockets


03rd May 2006
MasterCard Inc., the credit-card association that plans to raise as much as $2.45 billion (U.S.) in an initial public offering of stock, says first-quarter profit rose 36 per cent. Net income jumped to $126.7 million, or 94 cents a share, from $93.3 mil… more »
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