Visa CEO supports tougher penalties for ID theft and e-fraud

Monday, 10 October 2005, 5:15 PM EST

During a cardholder security summit here last week, Coghlan said Visa could also make card acceptance easier for merchants that have strong security practices.

"We need a carrot as well as a stick to fight fraud," he said. "While we know that not harming customers is usually a great incentive, we are also asking ourselves, 'What other financial incentives can we create?'"

By Grant Gross at Computerworld.

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