However, he warned, whatever technology is adapted to make spending more secure will be able to be cracked.
"Fraudsters will get into this area, any new technology they will get into, the internet they got into, and other types of technology, they will get into as soon as it's introduced," Mr Munroe added.
According to Barclaycard, there are 11.9 million credit card customers in the UK.
In the second quarter of 2008 there were 1.8 billion plastic card purchases made, with expenditure totalling £92.6 billion, Apacs has reported.
The number of transactions was 7.8 per cent higher than in the same period in 2007 and spending via card was worth 7.5 per cent more.
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