Visa, the global credit card organisation, is so worried about online fraud it yesterday warned members and merchants they may be fined if they don't get their security provisions up to scratch. A call to tighten already strong security measures, you . . .

Visa, the global credit card organisation, is so worried about online fraud it yesterday warned members and merchants they may be fined if they don't get their security provisions up to scratch. A call to tighten already strong security measures, you might think. But no, Visa USA risk management senior VP John Shaughnessy's unveiling of a ten-point list of security requirement amounts to stating the bleedin' obvious - so much so that you wonder what the heck some e-commerce companies must be thinking.

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