Re: USA Today on Fear of Credit Cards over Net

["Perry E. Metzger" <perry@piermont.com>]

Randy Catoe writes:
> I'm told that the revenue lost to fraud in the
> credit card industry is around .15 percent of the gross purchase value.

Thats a giant amount of money in dollars.

> I'm also told that the credit card companies actually face higher costs
> from disputes, i.e. when you call them up and busy out a person to 
> resolve a question on you bill. 

Crypto will also reduce that rate, IMHO.

Perry