Re: [Sheflug] Re: bounce

["Chris J/#6" <nospam [at] nccnet.co.uk>]

> OK. Fair enough. But I believe:
> 1) Using the internet is no more inherently dangerous STATISTICALLY than
> going to some dodgy garage where they take your card in the back "where
> the lights better" or whatever.
> 2) You pay more for internet protection. Seriously, is carrying your card
> to the shops any safer? If you live in a dangerous area?
> 
> My money says the banks are minting it off people paying for "internet
> protection".
> 
> Oh yeah, and my understanding of the Consumer Credit regulations is just
> that the banks do take the risk. That's why you pay exorbitant interest
> rates. To cover fraud which what the banks pay for.
> 
> 

Just a little bit of experience from myself - I've used my CC a number of 
times online, and on my head be it :) But I've not [yet] had a problem. On 
the other hand, last year my mum asked me about credit cards and the 
internet, as she'd had a phone call from the bank saying there were some 
suspicious transactions on it from someone ordering (large) stuff over the 
internet - should it go through? She said no, and she hardly uses her CC.

You don't have to use your card online to have it abused. Double swiping, 
handing card to waiter in restaurant, speaking your card number in over phone 
(especially if your in an office or other place you can be overheard) etc are 
just as problematic. The big problem with net transactions is that some 
companies like Amazon store your CC details (if you want them to) so if their 
servers are broken, then the someone who did it will have a nice amount of 
credit... :)

FYI, though I've not read into it, my last statement from HSBC says that 
goods ordered over the internet are now protected, so must get some more info 
about that.

Chris...

-- 
Chris Johnson            \  "If not for me then, do it for yourself. If not
sixie@nccnet.co.uk        \  for then do it for the world." -- Stevie Nicks
www.nccnet.co.uk/~sixie/   ~---------------------------------------+
Redclaw chat - http://redclaw.org.uk - telnet redclaw.org.uk 2000   \______


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