Re: UKNM: Combating CC fraud

[Steve Johnston]

There is no UK address verification yet. Equifax were promising a service

that would improve the failure rates of Card Not Present transactions, but I

have heard nothing more. The only company in the UK offering any sort of

online fraud prevention service is Cybersource.com


Good guys, good product.


Steve.

----------------------------------------

stevejohnston [dot] co [dot] uk

t: +44 (0) 7050 6050 33

f: +44 (0) 8707 3455 33

----------------------------------------


----- Original Message -----

From: Ken Cowley <

kcowleyglintbill [dot] com

>

To: <

uk-netmarketingchinwag [dot] com

>

Sent: Friday, September 15, 2000 4:33 PM

Subject: RE: UKNM: Combating CC fraud



> Banks hold this address info but not online or realtime - usually a fax to

> the issuer with the claimed address will get you a 24hr response.

>

> I think I saw Netbanx offering a bureau service of address checking, but

not

> accelerating the response - presumably they're doing a telephone or fax

> check with the issuer and simply 'web front ending' this process.

>

> Address verification is available online with the credit card networks in

> the US where you get a response code indicating first line match, zip code

> match or both match. This would only be available if you had a merchant

> account with a US bank and for US customers.

>

> Experian and equifax are the two UK agencies who hold address information

> related to actual transactions, i.e. credit card applications, mortgages

> etc. So far neither has launched a simple address check service for

> e-merchants, although experian (part of GUS) seems to have woken up a bit

> with the orientation toward e-commerce of GUS/Reality. In principle these

> two would have the most up to date info outside the banks, but they seem

> impervious to the argument that a simple yes/no charged at a few pence to

> e-merchants would make them more money than charging banks a few quid for

a

> full credit report.

>

> The UK electoral roll is available to rent from outfits like capscan. A

> positive match here is useful but obviously not connected with the actual

> card account.

>

> HTH

>

> Ken Cowley

> New Product Development

> Global Internet Billing

> 598-608 Chiswick High Road

> London

> W4 5RT

>

> http://www.glintbill.com


[Sam says: msg chopped]



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

  The biggest, best Chinwag Networking party...ever...

    **27th September 2000**  put it in your diaries now

 RSVP to http://www.chinwag.com/uk-netmarketing/party.shtml

  To sponsor the event email

spareanychangechinwag [dot] com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

  To unsubscribe or change your list settings go to

http://www.chinwag.com/uk-netmarketing or

helpchinwag [dot] com