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HL SEES UNCHECKED RISE IN CREDIT CARD OWNERSHIP.

BERNAMA The Malaysian National News Agency

| March 14, 2002 | COPYRIGHT 1999 Bernama - Malaysian National Agency. (Hide copyright information)Copyright

KUALA LUMPUR, March 14 (Bernama) -- Hong Leong Bank Bhd (HLB), one of the fastest credit card issuers in the country, does not expect the incidence of credit card fraud to erode the interest among members of the public to own credit cards.

The bank, which registered a double-digit growth in the number of credit cards issued annually, has expressed its concern over credit card fraud cases and had since January this year implemented a HNC Falcon Fraud Manager system to mitigate fraud on the bank's credit cards.

Although HLB's senior group managing director Datuk James Lim declined to reveal the exact figure for credit card fraud cases reported at the bank …

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