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Payment specialist urges retailers to lock the back door to fraud; Rumours of cheque fraud''s demise greatly exaggerated.

Publication: M2 Presswire
Publication Date: 30-NOV-04
Format: Online - approximately 574 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 November 2004-RETAIL LOGIC: Payment specialist urges retailers to lock the back door to fraud; Rumours of cheque fraud's demise greatly exaggerated(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:11302004

Fleet, Hampshire - While Chip & PIN is set to slash high street card fraud by more than 80%, cases of cheque fraud are still growing at 50% annually. Retail Logic, Europe's leading card payment software supplier, said the UK`s continuing reliance on cheques - which still account for GBP2.3 billion in transactions each year* - has left...

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