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 t
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
- 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
r Molnar'" <[EMAIL PROTECTED]>; "'? Schmidt'"
<[EMAIL PROTECTED]>;
Sent: Wednesday, July 13, 2005 8:55 AM
Subject: Re: EMV
> ... the original introduction of HK octopus transit card used the
> "sony" flavor of iso 14443 with 10cm and trans
... 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 peo
8:14 PM
> To: Peter Fairbrother
> Cc: Florian Weimer; David Alexander Molnar; ? Schmidt;
> cryptography@metzdowd.com
> Subject: Re: EMV
>
> Peter Fairbrother wrote:
> > Florian Weimer wrote:
> >
> >
> >>* David Alexander Molnar:
> >>
> &g
>It appears to be a contactless smart card/RFID that uses the
>ISO 14443 standard for the RF interface. There is some documentation
>available, unfortunately most of it restricted to licensees.
ISO 14443 details can be found at http://www.jayacard.org/14443/
Note that a few of the files are MS
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
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
>
>
> 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
* 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'
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. P
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 future.
--- [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 pr
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
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