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Credit Card Fraud: Aussies Seen To Be Dealing With It Better

Credit Card Fraud: Aussies Seen To Be Dealing With It Better

Australians and New Zealanders are significantly more adept at dealing with possible credit card fraud than others in their region – and certainly better than Americans a new study suggests.

The latest two-yearly report on card fraud conducted by ACI Worldwide and Alte shows Australian have far fewer fraud experiences than many of its international neighbours.

In the United Arab Emirates some 66 percent of the population quizzed have reported some card fraud experience. In second-placed China the figure is 42pc; then comes India and – surprise – the USA each at 41pc followed by Mexico on 33pc – and Australia in sixth place on 30pc.

Aussies are better than most of our neighbours at dealing with card fraud the report suggests. Indeed “consumer behaviour in Australia and New Zealand tends to be far less risky than in the rest of the Asia-Pacific” the authors say.

They add that this may be due to more mature card payments markets and fraud controls – Under. And unlike some of our neighbours very few Aussies carry a PIN number with their card or respond to e-mails seeking bank account details.

The report is at www.aciworldwide.com/fraud-survey.

 

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