The detainees included Yang Tsao-chin, the ring leader who was only released from jail last year for the same crime.
Agents of the CIB under the National Police Agency (NPA) said that Yang could have teamed up with accomplices in some neighboring Southeast Asian nations for this international scheme.
After receiving tips on the use of fake credit cards on the market, agents cooperated with financial institutions, department stores, and the National Credit Card Center to trace and hunt down the customers who made purchases with the phony cards.
They decided to take action on Tuesday after learning about the return of Wang Chun-chieh, a local accomplice, with a batch of blank cards from a trip to Malaysia.
Yang and Wang managed to put up a team of around 20 people to set up an operation center at an apartment rented in Zhonghe City of Taipei County.
The agents and local police have also confiscated 17 newly produced credit cards, 250 semifinished ones, several counterfeit identity cards, and passports plus printing machines, notebook computers, and other equipment.
The fake cards looked identical with the genuine American Express cards and Diners Club cards.
An initial probe by the CIB showed that Yang restarted his counterfeit operation after getting out of jail last year.
He could have purchased the codes for the credit cards from foreign suppliers who illegally copied the data with sophisticated electronic gadgets when the cards of customers were swiped during financial transactions at stores.
Yang, 46, may have also acquired the data contained inside the cards from computer hackers who were able to retrieve the data during online transactions.
He sent out members in his syndicate to make massive purchases with the fake cards and then converted the purchased goods into cash before the counterfeit cards were discovered by store owners or card-issuing banks.
Yang has netted an estimated over NT$10 million in illegal gains.
According to the CIB, Yang was arrested with more than 2,000 fake credit cards six years ago in one of the largest fake card crime cases in Taiwan.
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