Re: UKNM: Credit card fraud

[Steve Johnston]

Alice


I have yet to be convinced that SET stands a chance without the rules regarding card not present (CNP) transactions being changed and the pill being sweetened with modified commission rates. Any European consumer business currently accepting credit cards is likely to be rather pre-occupied with IT roll outs for Y2K and the Euro at the moment to bother with a technology that there is no current demand for...


Steve Johnston

Director of Development

IMRG (Interactive Media in Retail Group)


http://www.imrg.org/

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On 25/06/98, at 11:02, Alice wrote: 


>>(iii) Most reported cases of CC fraud online (excepting stolen/false

>>CC's used) come from hackers entering the database at the retailer site

>>where CC details are stored (either as billing details or audit trail

>>details)

>

>isn't that illegal anyway? If you're registered under the Data Protection

>Act, & you do store the full details, it has to be done on a standalone box?

>Anyway - the Ministry shop has been ticking along happily for 6 months

>without a hitch or fake CC.

>

>>SET (secure Electronic Transactions) Protocol (if it ever happens

>

>I heard it's already being used (successfully in tests) in Sweden....

>

>& last note - I personally totally agree with the reverse psychology point -

>if you make *too* much of a fuss about how secure it all is, the less likely

>a user will buy, I'm sure.

>

>A.

>_______________________________

>Alice Taylor

>C4 Chat Producer - www.channel4.com

>

>Stor Entertainment

>0171 739 9199