In recent years banks and retailers have competed vigorously to stuff U.S. wallets with millions of credit cards (see Music). Their' success quickly taught burglars and muggers that a stolen card can fetch several thousand dollars' worth of merchandise in a few hours, to say nothing of a $100 resale rate from the nearest fence. Last year card thieves netted an estimated $30 million in goods and services from the nation's 15 major oil companies alone.
Last week corporations were given a new incentive to crack down on credit-card fraud. Under an amendment to...
To continue reading:
or
Log-In
