Payment Providers

[Ovid]

----- 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.

 
Cheers,
Ovid (the hippie)
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