The Interactive Media in Retail Group (IMRG) has announced a new
initiative to fight on-line fraud. Its new Security Alert Service
will enable e-tailers to share with each other lists containing
fraudsters' details such as names, addresses and credit card
numbers, "quickly, safely and at low cost."
According to IMRG, the scheme is scheduled to go live at the end
of October and so be available to help protect on-line merchants
during the Christmas and January sales shopping periods. The list
of merchants that have applied for the service includes Argos
Direct, Blockbuster, Carphone Warehouse, lastminute.com and
Dvd.co.uk.
MasterCard Australasia is also in the early stages of developing
a series of site data protection standards for merchants, according
to Silicon.com. The company reportedly said that tougher security
standards are required due to the increase in "card-not-present"
transactions.
More information about the IMRG Security Alert Service for UK
merchants is available at:
www.imrg.org/8025696F004581B3/pages/online+shopping+fraud?OpenDocument
