Non-plastic fraud on the increase

February 2005
Credit Control;2005, Vol. 26 Issue 2, p51
Trade Publication
This article reports that the non-plastic fraud is on increase. Bank losses as a result of non-plastic related fraud amounted to £107.6 million in 2004, according the British Bankers' Association. The figure represents an increase of 11% compared with 2003. Potential losses from fraud increased by 18% during the period, but over 90% of this was prevented by bank staff and security systems. Potential losses from cheque fraud attempts increased by 20% to £665 million although 93% of this was prevented, resulting in an actual loss of £46.22 million, an increase of 2% 2003.


Related Articles

  • CMC trade body slams calls for tighter regulation. Tolley, Steve // Money Marketing (Online Edition);5/16/2012, p1 

    The article presents information on the reaction of the Claims Standards Council (CMC) following the claims of Which? and Moneysaving and the British Bankers' Association to the Ministry of Justice calling for tighter regulation of CMCs. The trade body has been criticised for charging up to a...

  • Deposit account fraud report available.  // ABA Banking Journal;Jan2005, Vol. 97 Issue 1, p17 

    Reports on the increase in attempted check fraud in the U.S. banking industry in 2003. Information on counterfeit check losses in the country; Details of forgery and new account fraud cases in the industry; Discussion on fraud prevention practices at banks, including the use of account...

  • Check fraud is 1990's version of highway robbery. D'Ambrosio, Michele // Business Journal Serving Fresno & the Central San Joaquin Valley;01/19/98, Issue 322253, p1 

    Focuses on the prevalence of check fraud that affects in the United States in the 1990s. Estimated annual losses from check fraud; Factors driving the increase in check fraud cases; Common forms of check fraud.

  • Center Bank to Build Image Archive. Bills, Steve // American Banker;8/28/2006, Vol. 171 Issue 165, p22 

    The article discusses the Center Bank of Los Angeles' check fraud protection system, which was improved upon due to concerns that outsourced check processing would weaken security. A database of customer check images will assist in detecting check fraud by examining images for specific features...

  • CHECK FRAUD: A Problem to Reckon With.  // Bank Technology News;May2004 Supplement, Vol. 17, p22 

    Discusses some tools to detect check fraud in the United States. Actual bank losses from check frauds; Liabilities that come into play truncating a check that was altered or is counterfeit; Effectiveness of bank positive pay services, a fraud deterrence tool that is image survivable; Fiserv...

  • BBA mulls register to ban rogue bankers. Holt, Natalie // Fundweb;10/17/2012, p19 

    The article reports on the move of the British Bankers' Association (BBA) in contemplating on the creation of an independent professional body to oversee the banking industry in Great Britain. BBA chief executive Anthony Browne reveals the importance of the independent body in restoring the...

  • Mortgage lending rises.  // Credit Control;2005, Vol. 26 Issue 7, p54 

    The article reports that figures from the British Bankers' Association claim that £17.8 billion in mortgages was made available in September, 6% higher than in the previous month. David Dooks, Director of Statistics at the British Bankers' Association said that September's upturn in both...

  • Nic Cicutti: Bank advice has failed due to its short-term focus.  // Money Marketing (Online Edition);5/2/2013, p21 

    The author discusses issues concerning the condition of the bancassurance sector in Great Britain. He notes that the industry has collapsed due to a shortage of long-term value for the banks as well as for their customers. He highlights the move of the British Bankers Association to conduct a...

  • Budget: Bank levy to be reduced over next 6 years. Romeo, Valentina // Fundweb;7/8/2015, p1 

    The article reports that British Chancellor of the Exchequer George Osborne has said that the government will gradually lower the bank levy from 2015 to 2021. Topics mentioned include the British Banker Association's view that the taxation of banks in England had neither encouraged domestic...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics