Fraud on payment cards in Europe is on fall

Fraud payment transactions at ATMs and POS-terminals in Europe is in a recession, largely due to technical innovations such as the introduction of EMV. However, losses from online fraud remain stubbornly high, according to the European Central Bank. In 2011, the fraud on the cards in the SEPA zone was 1.16 billion euros, which is 5.8% less than previous year.