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Plans to help 'protect credit card users against e-criminals'

The government is putting together a new plan increase the protection of credit card users against e-criminals.

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27 April 2009

Plans to help 'protect credit card users against e-criminals' ”

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A forthcoming consumer white paper will look into ways of tackling fraudsters and criminals who use the internet to con consumers.

Consumer affairs minister Gareth Thomas explained today that the current system of protection needs updating to help consumers who shop online as well those who shop at retail parks or shopping centres.

According to government statistics, British consumers make almost double the amount of online transactions compared to the European average.

Mr Thomas said: "We need to create a regime that is fit to protect the consumer from modern fraudsters and criminals. This means looking more innovatively at new ways of working."

In 2008, 57 per cent of individuals in the UK ordered goods or services over the internet for private use, according to a European Commission report.

According to figures from the Association for Payment Clearing Services, credit and debit card fraud was £609.9 million last year.

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16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
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16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
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17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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