Re: What are the flaws with FV payment system?

Kip DeGraaf <kip@monroe.lib.mi.us> wrote:

I only received this an hour ago. I would very much like to attend, but can't put my fingers on the detailed analysis of FV's flaws in their system, which I would like to bring up in person at this seminar.

Could someone please point me in the right direction?

You can start with http://www.c2.org/nofv/ Basically, if you can get access to someone's email, then you can defraud the system. FV protects themselves by holding payments for 90 days before they pay the merchant. It's an unsecure system, with no encryption. FV will accept no responsibility for this, and when people cheat, the merchant gets screwed.