publiustemp-londonpm at yahoo.com
Fri Oct 2 22:16:14 BST 2009
----- Original Message ----
> From: Peter Corlett <abuse at cabal.org.uk>
> It's not *quite* so clear-cut.
> The costs due to fraud might be less than the costs of losing sales due to
> VBV/3DSecure, in which case the retailer might be happy to risk the fraud,
> especially if they have other fraud-avoidance mechanisms in place.
This has to be one of the most important comments about all of this. When I originally went to uni to be an economist, I was amazed to discover in research how much in-house accounting dealt with "which costs us less" rather than "which is right". It's rather sad.
Ovid (the hippie)
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