December 15, 2006

Debit fraud at gas stations declines by 60 per cent

Toronto, Ontario – Interac Association has reported that debit card fraud at gasoline stations across Canada has declined by more than 60 per cent over the past year. The decline, representing about $15 million in avoided fraud loses, was largely the result of Project Protect, a joint education initiative spearheaded by Interac and law enforcement.

The program, which launched in November 2005, educates gas retail owners, managers and employees about payment card fraud and how they can help prevent it. Under the program, law enforcement officers visit gas stations to educate management and their employees, providing training for front-line officers and equipping merchants with valuable tips to prevent fraud. In addition, in regions across Canada where Project Protect is not operating, Interac Association works with its members to provide gas retailers with educational material and security tips.

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