Apacs names Australia's Fraud Management Technologies affiliate member
Australia-based Fraud Management Technologies (FMT), a leading provider of online authentication and anti-fraud solutions, today announced that it has become an affiliate member of APACS, the UK trade association for payments.
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APACS provides a forum for institutions delivering payments services to end customers to address co-operative aspects of payments. Their specialised committee to deal with electronic commerce security is now regarded globally as an industry best-in-class approach.
APACS recently reported that UK Card-Not-Present fraud losses have now become the country's single highest card fraud loss type and that Internet Banking losses also continue to rise dramatically.
"The APACS membership consists of the leading banks in the UK and the world and we've had the privilege of working with some of them over the past year" said FMT's founder and CEO, Kostas Siourthas. "FMT is committed to providing solutions that are cutting edge, tactically available but more importantly, strategically focused in the UK market".