Virtual credit card said to be fraud-proof

21 September 2015 - 02:02 By Katharine Child

More than $16-billion was lost in credit card fraud globally last year - and now a South African technology is being used to combat the crime. Last month The Nilson Report, a publication that reports on the credit card industry, said that fraud had increased by 19% in 2014 whereas card sales grew by only 15%.

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