Quote:
Originally posted by psyko514
i work for Visa in a Canadian bank. i can tell you that the 90% number is dead wrong.
when someone steals or clones a credit card, they do not go out and max the card on porn sites. they buy goods that can be fenced.
a $1K computer purchased fraudulently is the equivalent of of 50 $20 porn memberships purchased fraudulently.
we recently lost $25K CDN on one single fraud case a few weeks ago. not a single transaction involved online porn.
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I believe you! This is what Moneris told me 3 years ago when I lost the ability to use my merchant account :-(
Maybe 3 years ago porn fraud was at its peak..