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Briefs: Payment fraud jumps, new head for Macquarie Atlas Roads

For every US$100 in payment card and ATM volume worldwide, 7.15¢ was fraudulent in 2016, up from 6.97¢ per US$100 in 2015, according to The Nilson Report. Overall "fraud grew by 4.4 per cent over 2015, outpacing volume, which grew by 1.8 per cent over last year," the US research service said on Friday. It said that "card issuers worldwide experienced $16.13 billion or 70.7 per cent of gross fraud losses worldwide. The remaining $6.67 billion in fraud losses were incurred by merchants, their acquirers, and ATM acquirers." James Hooke will be appointed as CEO of Macquarie Atlas Roads in early 2018, leaving his job as CEO of New York-listed Macquarie Infrastructure Corporation. Hooke replaces Peter Trent at Macquarie Atlas Roads.

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