Holiday credit card crime down

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Holiday credit card crime down

Fewer UK residents are suffering from credit card crime while holidaying abroad, a new report has revealed.

According to APACS, the UK body that represents credit card issuers, better credit card fraud detection systems can be thanked for the drop in holiday credit card crime as credit card firms can spot unusual spending patterns more easily.

Credit card crime committed against UK nationals abroad cost the industry £92.5 million in 2004, representing the lowest figure for five years.

This result is even more significant against the 93 per cent increase in the use of UK credit cards abroad.

However, APACS plans to continue its hard line again credit card fraud abroad.

Sandra Quinn, communications director at APACS, said: "The fall in card fraud abroad is great news for UK consumers, but cardholders should remember to follow a few simple rules to make sure they're protected while they're abroad.

"Simple things like making sure your cards never leave your sight, and remembering to dispose of receipts carefully can make all the difference."

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