Thanks for some private comments. What I posted is a short
summary of a number of arguments. It's not an absolute position,
or an expose' of the credit card industry. Rather, it's a wake-
up call -- The time has come to really face the issues of
information security seriously, without isolating
- Original Message -
From: Victor Duchovni [EMAIL PROTECTED]
Subject: Re: EMV [was: Re: Why Blockbuster looks at your ID.]
Whose loses do these numbers measure?
- Issuer Bank?
- Merchant?
- Consumer?
- Total?
I'd say that you've fairly well hit the nail on the head. I've
Well, the acceptable risk concept that appears in these two
threads has been for a long time an euphemism for that business
model that shifts the burden of fraud to the customer.
The dirty little secret of the credit card industry is that they
are very happy with 10% of credit card fraud, over
: Re: EMV
... the original introduction of HK octopus transit card used the
sony flavor of iso 14443 with 10cm and transit requirements of
transaction in 100ms. having it in the bottom of a bag and bringing the
bag within 10cm of the reader does the trick.
there was a transit meeting where
... the original introduction of HK octopus transit card used the
sony flavor of iso 14443 with 10cm and transit requirements of
transaction in 100ms. having it in the bottom of a bag and bringing the
bag within 10cm of the reader does the trick.
there was a transit meeting where the mondex
Peter Fairbrother wrote:
Florian Weimer wrote:
* David Alexander Molnar:
Actually, smart cards are here today. My local movie theatre in Berkeley,
California is participating in a trial for MasterCard PayPass. There is
a little antenna at the window; apparently you can just wave your card
Fairbrother
Cc: Florian Weimer; David Alexander Molnar; ? Schmidt;
cryptography@metzdowd.com
Subject: Re: EMV
Peter Fairbrother wrote:
Florian Weimer wrote:
* David Alexander Molnar:
Actually, smart cards are here today. My local movie theatre in
Berkeley, California
David Alexander Molnar [EMAIL PROTECTED] writes:
On Sat, 9 Jul 2005, [UNKNOWN] Jörn Schmidt wrote:
less attractive to commit credit card fraud. You are, however, not
making it harder. That's why I believe the credit cards companies will
indeed have a good, long look at smartcards. Probably
* David Alexander Molnar:
Actually, smart cards are here today. My local movie theatre in Berkeley,
California is participating in a trial for MasterCard PayPass. There is
a little antenna at the window; apparently you can just wave your card at
the antena to pay for tickets. I haven't
On Sat, 9 Jul 2005, [UNKNOWN] Jörn Schmidt wrote:
less attractive to commit credit card fraud. You are, however, not
making it harder. That's why I believe the credit cards companies will
indeed have a good, long look at smartcards. Probably not tomorrow or
next week but in the near
Florian Weimer wrote:
* David Alexander Molnar:
Actually, smart cards are here today. My local movie theatre in Berkeley,
California is participating in a trial for MasterCard PayPass. There is
a little antenna at the window; apparently you can just wave your card at
the antena to pay for
On Fri, Jul 08, 2005 at 03:48:30PM -0400, [EMAIL PROTECTED] wrote:
We're on the order of 4.7 cents on the $100.
Interesting statistics.
Seems like it's the same thing in Canada
http://www.rcmp.ca/scams/ccandpc_e.htm
Reported $227M in credit card fraud in 1999, droped at $200M in 2003.
--- [EMAIL PROTECTED] wrote:
[decline in credit card fraud]
Interesting statistics.
[...]
But these are still considerable numbers, [...]
I totally agree. And I would just like to make a quick point: the
credit card companies (especially Visa/Mastercard) have been very
agressive in fraud
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