Payments fraud in Australia rose to 8.2% for every A$1,000 ($927) of payments in the year to December 2008, from 6.3% in the preceding year, notes the latest Annual Report from the central bank's Payments System Board.

The report shows that credit and charge card fraud continued to be the most significant and fastest growing component of payments fraud. In the year to December 2008, the rate of fraud on credit and charge cards increased from 45% to 53% in every A$1,000 of credit and charge card