Central Banking

ECB reports decline in card fraud

A padlock on a number of credit cards

The European Central Bank (ECB) released its first report on card fraud on July 25,  showing a downward trend in the crime since 2007.

The report was compiled by the Eurosystem, meaning all 17 national central banks of the euro area worked alongside the ECB to monitor progress in stamping out fraudulent payments via card. Technological advances, the report found, have been key to increasing the security of transactions.

The oversight report analysed fraud developments related to card payments in

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