17 Dec
2003
17 Dec
'03
11:17 p.m.
Randy Catoe writes:
I'm told that the revenue lost to fraud in the credit card industry is around .15 percent of the gross purchase value.
Thats a giant amount of money in dollars.
I'm also told that the credit card companies actually face higher costs from disputes, i.e. when you call them up and busy out a person to resolve a question on you bill.
Crypto will also reduce that rate, IMHO. Perry