The body said that figures due to be published in two weeks' time will show that fraud on cards has fallen. A spokeswoman said that the drop was "significant" in scale and a statement said that it sent the fraud level to its "lowest level for two decades".
Card fraud fell between 2004 and 2006 but has been rising since then. It hit £610 million in the UK in the latest figures, for 2008, according to the Cards Association.
The Association said that this meant that card fraud cost every UK resident £10 per year.
The lowest recent figure for card fraud is 2006's total of £426m, £310m of which was in the UK. The UK total for 2008 was £380m. The Cards Association's statement suggests that total fraud for 2009 will at least be less than 2006's £426m.