In a message dated 11/2/01 2:03:05 PM, [EMAIL PROTECTED] writes:
<< Of course. But this hasn't prevented people from acquiring and using credit cards. More to the point, it hasn't prevented the merchants, banks, and credit card issuers from maintaining and promoting this imperfect system. This would suggest that the losses from fraud (which customers don't pay, at least not here in the US) are amply covered by the income they bring in. This sounds to me like a system that "works" in a practical sense. >> In good times when a 5% loss factor disappeared in the profits it didn't matter. In times when every penny is being squeezed (Airlines), and fraud seems to have doubled the risk management view may have changed. John Ellingson CEO Edentification, Inc. 608.833.6261 ||||# |||||| |||||| --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
