Visa fraud index in Europe: 4 eurocents per €100 euro spend on Visa cards
Following Visa Europe’s investments of more than one billion euro in security technology and infrastructure over the past six years, the Visa fraud index in Europe has fallen to the lowest level ever, registering just 0.04%, or 4 eurocents per €100 euro spend on Visa cards, for the past two years. And the figure for Poland is a tenth of the European average, meaning 4 eurocents per €1,000 spend on Visa cards.
EMV chip standard is supported in Poland by all electronic POS terminals and all ATMs, with Visa chipcards available from all Visa Europe member banks in our country. Among all Polish-issued Visa cards, nearly 90% are chipcards and close to 40% are Visa contactless cards.
Poland stands out in Europe with the highest number of Visa contactless transactions.
Visa contactless issuance is close to 60 million Europe-wide. The number of Visa contactless transactions in the whole of Europe quadrupled in 2012, with a similar fourfold growth expected this years. In Poland, where contactless has been present since the 2008 debut, issuance exceeds now 9 million.
In financial year 2012 (which ended in June), the gross cardholder expenditure volume in Europe, on Visa cards, was €1,781,681 mil., up to 5.4% compare to the previous year.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
