Central Banking

Europe card fraud up after five-year decline, ECB data show


Debit and credit card fraud in Europe increased for the first time in five years in 2012, as more people took to the internet to do their shopping, according to figures published today by the European Central Bank (ECB).

The total value of fraud within the Single Euro Payments Area (Sepa), which in addition to European Union member countries incudes Switzerland, Norway, Monaco, Iceland and Liechtenstein, increased by 15% from 2011 – reaching €1.33 billion ($1.8 billion), or one in every €2,635

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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