Even though the banking industry is only halfway with the issuing of Europay, MasterCard and Visa (EMV) compliant bank cards, a reduction in bank card fraud was already recorded last year.
According to Bank of Namibia (BoN) spokesperson Ndangi Katoma, the total card fraud value recorded a decline of 16% from N$2.4 million during the third quarter of 2015 (July to September) to N$2 million during the fourth quarter of 2015 (October to December).
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