USA Today on Fear of Credit Cards over Net
Perry E. Metzger
perry at piermont.com
Thu Sep 21 06:33:23 PDT 1995
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
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