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Card fraud shows sharp increase

Monday, 4 October 2004 18:06 EST

Credit and debit card fraud rose by nearly a fifth to £478.8m in the year to July, the Association of Payment Clearing Services (Apacs) has revealed.

Crime involving cards lost or stolen in the post increased by 51%, Apacs said.

All UK banks are replacing their customers' cards as chip and pin fraud-prevention technology rolls out.

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