Re: UKNM: Re: Credit Card Fraud

[James Downes]

Am I wrong in thinking that the problem with credit card fraud on the

net in 1999 is the volume of chargebacks?


The oft missed risk, particularly for e-commerce sites is that so many

of the credit cards 'presented' don't actually exist. Our experience is

that up to 50% of cards presented come into this category, something

that we try to drill into the heads of our e-commerce clients who fulfil

on-line.


I believe that this is a responsibility of the card companies, but they

are still sticking their heads in the sand on this one.


rgds


james downes

w: www.bdmedia.co.uk

e:

jamesbdmedia [dot] co [dot] uk

t: +44 (0)208 870 2153

f: +44 (0)208 870 2212 


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