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Article: A CHIP OFF THE CREDIT CARD FIRMS TRY TO LIMIT FRAUD WHILE BUILDING AN INTERNET MARKET.(LIFE & LEISURE)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- September 29, 1999
CopyrightCOPYRIGHT 1999 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: BOB TEDESCHI New York Times
Credit card companies love the Internet, since they pocket a share of most e-commerce transactions. But like everything in the world of revolving credit, that love has limits.
In particular, stolen cards used to make purchases online cost credit card issuers millions each year -- pushing the price of doing business on the Web higher for banks, merchants and, ultimately, users.
So, even as the major credit card companies and the banks that issue those cards explore ways to build Internet market share, they are also looking for creative ways to limit fraud.
The recent launch of the American Express blue ...