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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.08

-0.2%

Dec 29 3:59 PM EST

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To: Skeeter Bug who wrote (119614)	3/7/2001 7:28:08 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

MEANINGFUL evidence would be to say what % of fraud is related to internet compare that to the b&m related fraud. my guess is that there isn't much difference - regardless of the headlines. Skeeter, I know for a fact that internet credit card fraud is far higher than in traditional brick and mortar stores.I often have people ordering at my on-line using fraudulent cards. We do our DD so that we have never sent any item with the use of a faudulent card. The card processing firms charge a higher discount rate for all on-line transactions. This is true for us and for a pure play like Amazon. The reason being is their out of pocket losses are greater. This really is true. Glenn

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