Our latest insights

Compass Plus – Contactless fraud in Denmark

Share this post

Compass Plus - Contactless fraud in Denmark

With fraudsters looking for fresh ways to exploit consumers as the adoption of digital payments continues to increase globally, The European Fraud Report has revealed that Denmark has been named as Europe’s frontrunner for fraud that occurs after a card has been lost or stolen. In Denmark, losses from lost and stolen fraud accounted for 52.6% of the total losses in Denmark at the end of Q2 2018.

The losses come as Denmark, already one of the most advanced countries in the world as far as being cashless goes, continues to move towards becoming a fully cashless society.  Bank branches have been closing as the industry has become more digitalised, and users’ requirements have instead been realised with higher card limits for ATM cash withdrawals (3,000 DKK, equivalent to £363) and for contactless payments (350 DKK, equivalent to £42).

Read more here.

More To Explore

Login or Register

Don't have an account?

Are you part of the Payments Association community?

Not yet set up your login for the Payments Association Community Platform? Set it up now

Set up a free account for instant access to our content

You don’t need to be an Payments Association member to view the majority of our content. Simply enter your details below once to set up your login details and get access to our library of whitepapers, podcasts, consultation papers, webinars and more.

First Name*
Last Name*
Company Name*
Job Title*
Username*
Business Email Address*
Password*
Confirm Password*
Agreement*
The Payments Association exist to help drive the industry forward. As such the Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and will never share your details with third parties other than the relevant resource(s) sponsor(s)/curator(s). You may opt out at any time. By clicking register you are agreeing to the terms of our Privacy Policy.

← back