Credit cards fight online shopping fraud

05/09/2007

MasterCard have joined SecureCode, which are verified by Visa services. When shopping online it has made it more secure for UK cardholders, according to APACS, the UK payments association.

Currys, British Airways, Dixons, various online websites and PC World, are introducing these new secure systems.

Cardholders shop through internet nearly everyday; APACS are consulting consumers to register their cards with MasterCard SecureCode.

Director of communications at APACS, Sandra Quinn commented: “Nearly ten million registered cards is clearly an important milestone in the development of e-commerce in the UK. The industry has worked hard to provide practical solutions to fight online shopping fraud and we are calling on those cardholders not yet signed up to do so and take the appropriate security measures when shopping online.”

In order to help UK cardholders and make them understand about MasterCard SecureCode and Verified by Visa, APACS have launched a consumer advice tour guide clearing up the registration process and security advantages in more detail. People can download the guide from apacs.org.uk and cardwatch.org.uk. Apacs feel this will minimize fraud to a lower degree and leave UK credit card holders vacant of becoming a victim of fraud.