The European Central Bank has launched a public consultation on its recommendations for security measures on internet payments as part of the fight against online fraud. Payment service providers (PSPs) and card payment schemes are expected to implement the recommendations by July 2014. The recommendations set out minimum standards of best practice covering the control of the payment platform’s security environment, specific control and security measures for internet payment, and customer education and communication. The UK suffered APS440.3m in losses due to card fraud in 2010 – almost 10% of the total value of purchases made in the card payment market.”]