James M. Ray wrote: > >Of course, the cardholder is not liable if someone goes on a cybershopping >spree with a purloined number. But disentangling the fraud is a problem. >And the banks and merchants have to absorb the loss. > [skip a few lines]
>American Express (news/quote) says that it does not see a compelling reason >to press for a new user identification system as it is comfortable with its >fraud losses. But the company said it might move to a new password system >if the industry agreed on a standard. > Now compare those two statements. Credit card companies NEVER suffer a loss, in fact they profit from it. It gives them an excuse to raise the fees they charge the merchants! The truth is out there, you just have to filter out the sound bites. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
