Central Banking

UK at forefront of global card fraud prevention

FEATURE - Letter published in the Financial Times, 3 May from Chris Pearson, Association for Payment Clearing Services, London.

Sir, Dr Harold Hughes (Letters, May 1) asserts that banks could do more to prevent card fraud. In fact, they are already committed to huge expenditure (about Pounds 1.1bn) over the next three years as the UK moves to personal identification number (PIN) authorisation for card transactions using secure chip cards. This development puts the UK at the forefront of global

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