Credit card fraud

CREDIT card fraud is steeply on the increase, but dealers are finding that it is them and not the banks who are taking all the risk.

The Antiquarian Book Dealers Association have sent out a warning to dealers to be alert to a credit card scam that has already claimed more than $100,000 worth of items from the trade.

LONDON: THE trade are being warned about credit card cloning after several incidents in London in the past few months. In mid-January, a King’s Road gallery sold a French 19th Century bronze figure to a customer, and was paid with a credit card which, though authorised at the time, now appears to have been fraudulent.

USA: THE United States government is taking serious steps to beat Internet fraud and is consulting leading e-commerce figures on how to go about it.

UK: ANOTHER dealer has fallen foul of a credit card con only a month after the Antiques Trade Gazette warned the Trade about following correct security procedures during transactions.