Business
Study: More online merchants need anti-fraud technology
Credit card and debit card fraud could cost online merchants billions of dollars over the next five years unless they implement the technology to detect it, a new report says. The report, released Friday by Meridien Research, warns that as more transactions are conducted over the Internet, online payment fraud will rise in tandem, increasing from $1.
Credit card and debit card fraud could cost online merchants billions of dollars over the next five years unless they implement the technology to detect it, a new report says. The report, released Friday by Meridien Research, warns that as more transactions are conducted over the Internet, online payment fraud will rise in tandem, increasing from $1.6 billion worldwide in 2000 to $15.5 billion in 2005. Full story.--Troy Wolverton, Special to ZDNet