Re: UKNM: Re: Credit Card Fraud

[Duncan Clubb]

James Downes wrote:


> 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.


In my experience, one of the first things that an online CC service does is

check the card details for validity.  The solutions that I have previously

implemented would not even attempt to confirm a card that could not pass

this simple test.  Are you referring to sites that collect CC details and

then process them offline?


Duncan



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