Word: fraude
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Merchants and credit-card companies report some progress in combating credit-card fraud in the U.S., but the problem appears to be growing across a wide swath of the developing world, where the spread of Internet access combines with petty official corruption to create a breeding ground for digital crime. Lately, credit-card fraud has been joined with often ingenious forms of postal and shipping fraud, moving more and more U.S. companies to refuse to ship goods to such countries as Indonesia, Russia and other former Soviet republics...
Large merchants as well as individuals who sell via online auction giant eBay often refuse to ship goods to Indonesia, Romania and Ukraine. Buy.com has completely overhauled its overseas-shipping practices. Citing fraud, the discount e-tailer last year closed its export operations run from offices in Britain, Canada and Australia and instead built a more secure export system run through its shipping partner in Florida...
...tailer survey to be released in October by Gartner, a research and consulting firm based in Stamford, Conn., the percentage of U.S. e-tailers surveyed that have stopped accepting foreign transactions has more than doubled, to 12%, since the last survey was published, in September 2001. "For some merchants, fraud for international transactions was 2 1/2 times higher than for domestic," says Avivah Litan, a Gartner vice president...
...Postal Inspection Service estimates that combined domestic and international postal fraud now costs as much as $1 billion a year, up from $500 million in 1993. "International fraud is certainly an area where we are putting a lot more effort," says Tom Brady, the assistant postal inspector in charge of the Southwest division in Fort Worth, Texas. In May, Brady helped launch the Business Mailing Industry Task Force, an alliance between merchants and government agencies...
Julie Fergerson, a vice president at ClearCommerce, a supplier of sophisticated risk-management software for retailers, acknowledges the growth in international e-commerce fraud but urges online merchants to fight rather than quit: "U.S. e-tailers are leaving a lot of revenue on the table." The firm's proprietary GeoLocator and Risk-Scoring software screens incoming orders to separate the frauds from the real prospects...