From: "Perry E. Metzger" <perry@piermont.com>
Date: Thu, 21 Sep 95 06:33:23 PDT
To: Randy Catoe <Randy@mci.net>
Subject: Re: USA Today on Fear of Credit Cards over Net
In-Reply-To: <01HVIQUUZ6HU8WX6TO@MAILSRV1.PCY.MCI.NET>
Message-ID: <199509211332.JAA01558@frankenstein.piermont.com>
MIME-Version: 1.0
Content-Type: text/plain



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