Online travel agency and Microsoft spin-off Expedia.com reported Wednesday that it will record $4 to $6 million (US$) in third quarter losses to cover fraudulent credit card purchases made on its Web site.
The issuing banks and the card processing companies need to take some risk in the case of fraud. They dump all the risk on the merchant but don't provide adequate means of preventing fraud. I'm looking for an attorney to litigate a fraud-related chargeback case.
Loading ...
Expedia Stung by Major Credit Card Fraud
Posted by: Paul A. Greenberg March 2, 2000 12:00 AMOnline travel agency and Microsoft spin-off Expedia.com reported Wednesday that it will record $4 to $6 million (US$) in third quarter losses to cover fraudulent credit card purchases made on its Web site.