E-Commerce Group Forms to Combat Fraud
Page 1 of 1
A group of e-commerce companies is taking steps to fight e-commerce fraud.
HNC Software Inc. recently asked five companies to help it battle resistance from merchants, according to The Wall Street Journal.
HNC Software is forming a consortium of electronic commerce companies to use credit card collection data to combat fraud.
The company has agreements with a number of banks and credit card issuers who provide it with information on fraudulent activity. That information, along with stats provided by other members will be placed in a large database that will help stem fraud.