Credit Card Fraud Crippling Online Merchants

    Date19 Mar 2000
    5001
    Posted ByAnthony Pell
    According to Alvin Cameron, Credit/Loss Prevention Manager for online fulfillment house Digital River, an estimated 20 to 40 percent of online purchases are fraud attempts. Accordingly, Cameron says, e-tailers are now facing a do-or-die proposition. "Merchants who cannot control . . . According to Alvin Cameron, Credit/Loss Prevention Manager for online fulfillment house Digital River, an estimated 20 to 40 percent of online purchases are fraud attempts. Accordingly, Cameron says, e-tailers are now facing a do-or-die proposition. "Merchants who cannot control the flood of fraudulent purchase attempts will soon be out of business," he said.
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