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Europe Daily Bulletin No. 8814

26 October 2004
Contents Publication in full By article 22 / 34
GENERAL NEWS / (eu) eu/banking
Commission sets out action plan for improving fight against fraudulent payments

Brussels, 25/10/2004 (Agence Europe) - The European Commission has just adopted an action plan 2004-07 for fighting against fraudulent payments and strengthening consumer confidence in credit cards and bank transfers. This kind of fraud, is committed, for example, by stealing the identity of the credit card owner or false use of cards in cash dispensers and according to Commissioner Frits Bolkestein in a press release, "is exceeding one billion euros annually".

The plan is essentially based...

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