Latest articles on Address Verification System AVS 
Address Verification System used by fraudsters to steal goods from retailers(13/06/2008)
APACS reported that CNP fraud in 2007 was £290.5 million, an increase of 37% on 2006. This was the figure on UK issued cards only and excludes losses on non UK issued cards. In April 2008, the 3rd Man issued statistics which showed that CNP fraud in the UK is higher than official statistics suggest and is in danger of getting worse. Over £500 million of fraud was attempted during 2007. This information supported a BBC investigation into card not present crime. A system designed to help pro... [more]
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