HSBC will be screening all credit card transactions in real time making decisions in seconds. In the past only 25% of card transaction where checked which gave way to a huge gapping hole of opportunity. Credit Card fraud actually dropped started falling for several years but has taken a dramatic turn in 2007. Figures reveal that credit card fraud could have exceeded £600 million in 2008.
Trying to comabt card fraud is a constant battle as new and improved techniques are introduced fraudsters are always finding ways to get around them. Chip and Pin was succesful for about 18 months before fraudsters found a way to get around this, so more sophisticated measures are being adopted by Banks and card companies.

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