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Subject: Re: UKNM: Fraud?
From: brax
Date: Sun, 14 Nov 1999 23:07:01 GMT

>According to a stat circulating, the Net accounts for 1% of a credit card
>companies turnover and over 70% of their fraudulent transactions?
>
>I'm trying to find out which particular old wife/husband this stat came
>from. It's quoted as a stat by all the on-line cc merchants and banks as an
>excuse for charging through the nose but I don't believe it. Has anyone
>publicly disputed this ? I'd like to kill this stupid rumour now, can
>anyone help?

it's been at least 2 years since i talked to this guy but a chap called
kelly knutsen at visa was most helpful in dealing with nonsense like this.

you could try 0171 795 5458 but he probably left yonks ago.

and keep up the good work with your wonderful magazine

brax

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