Card Fraud Statistics

Card fraud hits the bottom line for financial institutions within the payment transaction process - credit card companies, payment service providers, merchants, issuing and acquiring banks.

  1. Card fraud hits the card holder through the personal cost in time, inconvenience, frustration and distress.
  2. Card-Not-Present (CNP) fraud is the largest type of card fraud globally
  3. Card-Not-present (CNP) liability and risk lies with the merchant
  4. Credit Card payment value in 2009 in Europe was €181.49 billion and Debit Card was €862.74 billion.
  5. UK has highest  value of Credit and Debit card transactions, while Germany has the second highest in Debit cards value at €114.3 billion
  6. Reported UK card fraud losses in 2010 totalled £365 million
  7. 609.8 million credit cards held by U.S. consumers in 2010

 

 

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