New Web Site Helps E-Tailers Combat Online Fraud.
The Worldwide E-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. Fraud Prevention Network has announced the
launch of its fraud prevention Web site. Located at
www.merchantfraudsquad.com, the site provides expert advice about how to
combat online fraud, a growing merchant concern. Internet fraud A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person of property or any interest, estate, or right by a false representation of a matter of fact, whether by providing misleading information or by concealment of involves
the unauthorized use of credit card numbers and other payment vehicles
to purchase goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . Currently, www.merchantfraudsquad.com
provides advice and information intended to keep stolen credit card
numbers out of circulation and prevent their use on merchants'
sites. Sample articles include: five essential tools for preventing the
use of stolen credit cards online; tips on secure Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. ; how to
effectively report online crime; future use of e-signatures for fraud
prevention; and consumer tips for shopping safely online, which
merchants can place on their Web sites Merchantfraudsquad.com is the
first initiative of the Worldwide 2-Commerce Fraud Prevention Network, a
not-for-profit organization formed last fall by American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. and its
coalition partners: Amazon.com, buy.com, ClearCommerce, Expedia.com,
First Data Corp. and Starwood Hotels & Resorts Worldwide. The
Network seeks to educate merchants about fraud prevention techniques and
encourage online enterprises to adopt best practices and anti-fraud
technology.
COPYRIGHT 2001 Technology Marketing Corporation
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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