Credit Card Fees

In an April 17th story in Transaction World Magazine, the reporter covers the issues of fees that credit card companies impose and the threat of identity theft. It can be argued that credit card companies have these fees to cover the cost of the ever increasing threat of identity theft. Michael Weathers, Vice President of Governance & Risk at Fidelity Information Services believes that there will be an effect on increased data security. “The legislative discussions of ‘usability’ are profound bills that shall affect not only the financial services community and its deployment of new technologies for years to come, but more importantly, consumers’ confidence that their most private financial data is rendered useless if lost or stolen,” says Mr. Weathers. “As history has shown, technology changes daily and U.S. consumers’ acceptance of new technologies that improve conveyance at reduced cost are thoroughly embraced throughout the country."

To read the full story, go here:
http://www.paradigmshiftpr.com/electronictransactions.htm