BANKING
Credit Card Crime on the Rise

BANK Indonesia noted that losses due to credit card crime jumped to Rp3.7 billion per April 2009 from January's mere Rp2.6 billion. The number of cases did go down from 868 to 642 cases; the value, on the other hand, went up.

Nevertheless, the value of the losses didn't exceed 5 percent of total credit card transactions. Most of the time, the modus operandi, said Head of Payment System Development & Policy of Ban