14/07/2009

Credit Card fraud on the increase in the UK

In a recession there are very few areas of the economy which are in an upward trend, but credit card fraud and credit card theft are two areas which are booming at the moment

According to www.financialadvice.co.uk, credit card fraud in the UK has risen to record levels over the last two years helped by the fact that many people appear not even to check or open their credit card statements.

Criminals are also increasingly taking advantage of the popularity of online purchasing.

Mark Chirnside, CEO of Ukash said: "As online shopping becomes more popular, it makes sense that credit card fraud would see an increase too as people are unaware of how to protect their financial details or do not choose alternative payment methods. Ukash as a cash payment solution for online shopping allows consumers to make secure and private transactions and eliminate any risk of credit card fraud. When times are tough and cash is tight it makes sense to take extra streps and protect yourself against online fraud."

Ukash protects online consumers from internet fraud by providing them with the opportunity to make online payments to shop and play online, securely and privately, using cash on thousands of websites throughout the world. www.ukash.com.

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    Smart Voucher Limited. (of which Ukash is a trading name) is authorised and regulated by the Financial Services Authority in the United Kingdom as an electronic money institution. This regulation has been passported to all other countries in which Smart Voucher Ltd operates, with approval from the relevant local regulator. Smart Voucher Ltd (trading as Ukash) FSA register number: 900007, Company Number 4202050 registered in England & Wales at 5-7 Tanner Street, London, SE1 3LE, UK.

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