TORONTO, Feb. 25, 2015 /CNW/ - Interac Association reported today that Interac debit card fraud losses, as a result of skimming, are at a record low – decreasing 45 per cent to $16.2 million in ...

In 2014, the amount of debit card fraud was $16.2 million. This is down 45% over the past year from $29.5 million, which was the lowest level recorded since 2003.

Business PIN-less debit cards coming: Interac CBC News · Posted: Nov 17, 2010 11:28 AM PST | Last Updated: November 17, 2010 ...

Interac Association says Interac debit card fraud losses, as a result of skimming, are at their lowest level on record since 2003 — falling to $38.5 million in 2012 from a high of $142 million ...

A recognized world leader in debit card services, Interac Association is responsible for the development and operations of the Interac ® network, a national payment network that allows Canadians ...

Meanwhile, it says fraud involving Interac debit cards in Canada dropped 62 per cent in 2013 to $7.3 million from $18.2 million in 2012, due to improved technology.

This deal comes as Interac prepares to go head-to-head with Visa Inc. and MasterCard Inc., which are both looking to become significant players in the country's debit card business.

The Interac Association says Interac debit card fraud losses caused by so-called skimming, or the stealing of information, dropped to $7.3 million last year, down from $18.2 million in 2012.

The value of Interac debit card losses relating to fraud has fallen dramatically since 2009 and is now at the lowest level since 2003, Interac announced this morning. Fraud loss was $38.5 million ...

Commuters pass through a TransLink fare gate at Waterfront Station. Transit riders can now tap their Interac-equipped debit cards to pay for their fare. (Ben Nelms/CBC) ...

<p>Interac Association says Interac debit card fraud losses, as a result of skimming, are at their lowest level on record since 2003 - falling to $38.5 million in 2012 from a high of $142 million ...