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Online credit card security 'set to increase’

Online credit card security 'set to increase’

Category: Credit cards

Updated: 12/01/2009
First Published: 12/01/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Those thinking of using credit cards to make online purchases will find that security continues to be enhanced, it has been suggested.

According to credit report service Equifax, this form of finance is useful during the economic downturn due to the protection offered.

But with an increase of card usage online, external affairs director Neil Munroe noted that fraud activity could rise as a result.

"I think the industry will continue to develop new ways of making sure that those transactions are secure, there is already on work on those and that should continue," he added.

A recent survey by UK payments association Apacs found that 94 per cent of adults in Britain have a plastic card, with nearly two-thirds holding a credit card.

Consumers opting for this form of finance may wish to carry out a credit card comparison, particularly as Credit Action recently found that personal debt levels in the UK are continuing to rise.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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