Word: credit-card
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...three new sites, iCanBuy.com DoughNET.com and RocketCash.com partner with online merchants--such as cdnow, Fogdog Sports and teen clothier Delia's--that are popular with young people. First, parents register, provide credit-card information and indicate how much their children can spend; then the kids get to shop...
...PLAYERS] --The Lenders Credit-card companies like Visa and MasterCard and the banks that issue the cards, plus mortgage and finance companies...
HACKER INSURANCE With hackers seemingly able to break into even the most secure systems at big corporations, small businesses have been reluctant to take orders and credit-card payments online--fewer than a third of them do. But where there's fear, there's opportunity. A handful of insurance companies offer antihacker policies to small companies. For $1,500 a year, INSUREtrust.com covers up to $5 million for hacker-induced losses, including third-party lawsuits. Similar policies are offered by Evanston Insurance Co. and Lloyd's of London. Alas, none of these policies will bail you out when you crash...
American consumers are braver than they used to be about e-commerce, and yet one out of five surveyed is still uncomfortable buying on the Web. So for all the scaredy-cats out there, here's a news flash: typing your credit-card number into landsend.com is just as safe - if not safer - than reading the number to a catalog's sales rep over the phone. If you really want to go out on a limb, hand your Visa to a waiter. "Consumer fears are overblown," says David Schatsky, e-commerce analyst at Jupiter Communications. "There's not a whole...
...Visa reports that roughly 8 cents of every $100 spent online is lost to fraud - more, if only slightly, than the 7 cents per $100 lost in the bricks-and-mortar world. So why shouldn't consumers be concerned? Answer: The perpetrators, by and large, are not hackers snatching credit-card numbers out of cyberspace. Typically, they tend to be the same old Dumpster divers and mail thieves they've always been, stealing card numbers off receipts and bills and then trying to pass as the cardholder. And if they succeed, who gets hurt? Not consumers. Federal law limits their...