Tuesday, April 04, 2006

Payment Processor Authorize.net Fears Credit Card Crooks



Joris Evers writes on C|Net News:

A major online payment provider said Monday that its processing service had been used in an attempt to charge money to stolen credit and debit cards.

Several Web hosting companies that use the Authorize.Net service to accept credit cards online saw a sudden spike in transactions over the weekend. The transactions, most for $500 and $700, were billed to Visa, MasterCard and American Express cards that belong to people across the U.S., representatives for three Web hosts told CNET News.com.

More here.

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