Credit Card fraud on the Internet[在互联网上信用卡诈骗](PPT-41).pptVIP

Authorisation So, authing doesn’t give the merchant the risk reduction he thought it did But it can lead to higher costs, via referrals Here’s how Authorisation Authorisation eq “Go ahead, bill” Decline eq “No way, Jose” Referral eq “Maybe. Phone us up and we’ll talk about it.” This takes 5 to 10 minutes, and requires two people This is the “Modern Electronic Credit Card System” Referrals One-in-N; banks choose one in three or one in 20 and do a referral If you have a lot of customers, then you’ll get a lot of referrals Each referral is 5-10 minutes, two people Referrals Why wasn’t this a prob