Internet merchant in order to fight against fraud
Internet distributors, are charged with a constant flow of about fraud credit card, which costs them more than $ 1 billion per year, forces, hoping to help identify each users of stolen credit cards, catch criminals and perhaps soothe the fears of millions of potential online shopping.
A group of the web’s largest companies e-commerce, Internet, provisionally known as distributors for the fight against fraud Roundtable, has in recent years, with the objective of creating a database, Traders could be used potentially fraudulent transactions and help block those who commit fraud Snare credit card. The group hopes that the database established by the first half of next year.
“We try to build a neighborhood track,” said George Redenbaugh, director of risk management and privacy of customers at Hewlett-Packard, and one of the organizers of the roundtable. “There may be something that we can not deduct, in all frankness with you, but we try to do the job.”
While many consumers remain cautious on the release of their credit card numbers for online purchases is to traders generally still much to bear the financial risk. The responsibility of the cardholder is typically $ 50 or less if someone else with a fraudulent intent. But traders are usually repaid the obligation for credit card issuers, the actual cost of goods sold.
One of the main challenges for the group, the Lord said Redenbaugh includes representatives from over 65 companies, is like exchanging information on possible or probable thieves credit card without breaching the privacy of users legitimate.
Mr. Redenbaugh and another more important organizer of the round table, Tom Sullivan, director of electronic commerce, protection against fraud online travel Expedia, said the group provides for the creation of a database containing information on credit cards were stolen, and perhaps other information, the head from other distributors may be a fraudulent transaction. Round Table participants would be limited quantities of data on suspected fraud - the data do not contain names, addresses or other personal information.
“We never try to do so, if we are not on the blessing of independent authorities privacy,” said Sullivan of Expedia. “We very early discussions with some, and it was not Discouraged by what we heard. Given that the program developed, we will continue to work with experts and if we can not meet their needs, we have just won ‘t on. ”
A Privacy Expert, was informed of efforts by Larry Ponemon, chairman of the Ponemon Institute, a research information management and advisory companies.
“The judgement is not yet,” said Ponemon. “But what seems to me to this group lies in the fact that we really worry about privacy, and they are in the building of the place - the starting point of the process - even if it is likely to limit them.”
Although there is no e-commerce retailers group tried, address, credit card fraud in a large-scale, it is a precedent for other types of information. CardCops, fraud credit card a watchdog, has a database of what it believes, credit cards stolen, and offers this database CardCops. Com free for users can check if their numbers were stolen.
Related Articles
Where Rite Aid evil past.
Many dollars of losses, suspected software based on consumer fraud, computer problems in a distribution center and advanced a new CIO, the IT group-Rite Aid Corp. by the wringer over the last two years . Once known as an innovative IT practitioner, the 500 members of Rite Aid IT -- Employees are
Crime problem can not exclude in this race
For all the talk on crime, for all ads with the victims' certificates, shiny balls, smoking and fingers, overpopulation Democratic primary for the Attorney General may ultimately be decided - like many New York elections -- population policies of gender, geography, ethnicity and race. It is a primary, in which none
Sperm donors' conference for the payment of child support for 18 years
The donor was a married doctor in a hospital on Long Island in the late 1980, when he gave his sperm a woman to hospital, we tried to have a baby with their lesbian partner, reported the Post . Even if the donor has given all rights and the rights
NY Attorney General Federal foiled attempt to sell tickets only play for Floridians
After first saying they only sell tickets for Sunday's Wild Card game between the New York Giants and Tampa Bay Buccaneers Floridians, Ticketmaster and Buccaneers backpedaled slightly Thursday after a call from New York State's top lawyer. "Today we received a request Ticketmaster open sales outside of Florida for the rest
Alert in New York America Online
Attorney General Dennis C. Vacco accused today threatened America Online, the nation's largest online service, if the company does relieving that it has occupied signals for members when they try to log into the service. The online service has been inundated with complaints from customers around the country since America Online
My letters are often sold not as literature
My letters are often sold not as literature, but as relics of saints of modern equipment, wrote George Bernard Shaw to a friend. "Often, some resources journalist asks me to refuse to [its requests for equipment available] on a postcard to insult, so that they can have a collector for
The bankruptcy procedure will change Delta, Northwest
Your declarations of bankruptcy behind them, Delta and Northwest began a lengthy and costly path for the rest of Thursday will probably also cut staff roles, pensions and routes. In the end, when they survive, the nation of the third and fourth largest airlines is small and can not, as
Citing record Vacco said he would try to resume Office
Says it has reduced crime, protecting the environment and consumers to fight against fraud voraciously more than his predecessor, Dennis C. Vacco announced today that it has, in doing so, a second term as New York State's Attorney General. Standing on the steps of the State Capitol Dir with George E.
Really Randoms: Fiona Apple, The Artist
Fiona Apple's recent brouhaha at New York's Roseland Ballroom did nothing to dampen the rest of her North American tour in support of her second album, When the Pawn.... Apple and her band, whose West Coast jaunt wraps up in San Francisco on March 22, have announced a second leg
Bank of New York and Mellon merge
Bank of New York and Mellon Financial of Pittsburgh have agreed to merge in a $ 16.5 billion deal with the establishment of an investment in a power station noted little corner of the financial world. The Deal, which was announced yesterday, the biggest bank in the financial industry, followed by