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ECT News Community   »   E-Commerce Times Talkback   »   Re: Expedia Stung by Major Credit Card Fraud



Re: Expedia Stung by Major Credit Card Fraud
Posted by: ECT News 2001-06-04 21:48:34
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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.


Re: Expedia Stung by Major Credit Card Fraud
Posted by: rsacks 2002-09-18 23:39:54 In reply to: ECT News
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.
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