2008-04-24T21:01:31-07:00 Practical Ecommerce info@practicalecommerce.com http://www.practicalecommerce.com/ Copyright 2007 Confluence Publishing DBA Practical Ecommerce http://www.practicalecommerce.com/articles/720/Credit-Card-Fraud-How-Big-Is-The-Problem/#comment9460 2008-04-24T21:01:31-07:00

You make valid points here Roger. The Association of Payment Clearing Services in London reports that, after adopting the ID Key system, U.K. retailers saw a drop of 11 percent in credit card fraud losses.

http://www.practicalecommerce.com/articles/720/Credit-Card-Fraud-How-Big-Is-The-Problem/#comment9410 2008-04-24T06:18:12-07:00

Massive increase in fraud crimes should make the government and banks realise that their data protection and Chip and PIN systems are diverting rather than deterring fraud crimes. This shows that fraud will continue to grow until they exploit KEY and PIN system described on website www.xwave.co.uk which will deter BOTH identity and card fraud by making signature and PIN systems reliable and foolproof. Fake documents have made our signature system unreliable while skimmers and pin-hole cameras etc. have made PIN system unreliable. We have option to make signatures reliable by personalising them with ID stickers and option to use Card Key Code to make PIN system reliable to make use of stolen and skimmed cards meaningless. By ignoring to exploit this system banks are only letting fraud crimes grow. ID KEY system will eliminate the need for us to protect our personal and card details since fraudsters will be deterred from misusing these stolen details. ...