Fraud prevention takes a different approach overseas, experts say

More on the subject on international online fraud.

"Address verification procedures common in the U.S., for instance, are not always as effective in other countries, says Ashwini Narayanan, director of product management for CyberSource Corp., a provider of payment processing and fraud prevent services. In the UK, she notes, the password-based Verified by Visa and MasterCard SecureCode systems for entering credit card information are more effective than address verification, because the postal system grants individual residents the flexibility to change their address numbers. "

7:01:42 PM    

Fear of fraud is keeping e-retailers out of global sales

Interestng results of a survey among US e-tailers. Fraud ranks number 1 in factors keeping retailers from selling overseas. "The survey further reports that the No. 1 fear is not unfounded: Fraud rates on overseas orders are four times the level of North American orders. "

6:54:36 PM    

Cell Phone Makers Hope To Connect In Poor Nations (Investor's Business Daily). Investor's Business Daily - Cell phones with cameras and Internet access are nice, but they're out of reach if you live on $2 a day or less.

"An estimated 3 billion people live within cell coverage areas but have no phone or phone service. A phone that costs $30 or less could mean an additional 700 million customers, says the GSM Association trade group. The cheapest prices today are $60. "

700 million customers! That's enough to warrant the attention of all the big players. An the battle is on between GSM and CDMA (again).

 

5:41:00 PM