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18253: RE: [MUD-Dev] Buying benefits

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From: "Peter Tyson" <peter_tyson@softhome.net>
Newsgroups: nu.kanga.list.mud-dev
Date: Fri, 8 Jun 2001 08:30:19 +0100
References: [1]
Organization: Kanga.Nu
According to Matt Mihaly:

> The first thing that sprung to my mind is that they seem to have a
> tenuous grasp on the ins and outs of processing credit card
> orders. Everything I've read about them just screams that they're
> going to be utterly screwed by credit card defrauders.

Not necesarily, I know from online gambling companies (surely one of
the most popular destinations for credit card fraud!) that with good
systems they can keep fraud down to around 2%, at the very most it's
5%.  Apparently, blocking transactions from Russia cleans a whole 1%
or 2% off your fraud total!

Peter

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