GoFuckYourself.com - Adult Webmaster Forum - Interesting article: Card fraud protest

Quote:

Lisa Kelly
Thursday June 19, 2003
The Guardian

Small business will complain this week they are facing a bill for internet fraud that is rising so fast it threatens e-commerce.
The Federation of Small Businesses (FSB) has written to Stephen Timms, the e-commerce minister, of their concerns. Stephen Alambritis, the federation's head of parliamentary affairs, points out that internet fraud costs the British economy £28m a year, compared with £3.8m in 2000.

The liability on the retailer "is acting as a disincentive to trading online," he writes. "For the small business community to fully embrace e-commerce, we need to work towards a liability shift so that the issuing bank is liable in the event of cardholder-not-present fraud in the same way as the card issuer is liable in the event of cardholder-present fraud."

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http://www.guardian.co.uk/online/sto...979985,00.html