Interesting article on NY Times about cc fraud, sheds some light how these rings operate in countries like Russia, Philippines, etc.

Here's the link: http://www.nytimes.com/2001/08/27/technology/ebusiness/27ECOMMERCE.html

Great article, thanks!

I'll have to send my mom to that article. She spent her flooz just hours before they stopped processing things. I prefer real cash to that online token stuff anyway. You're limited on that stuff, but real cash you can spend anywhere!

Originally posted by JustinK
I prefer real cash to that online token stuff anyway. You're limited on that stuff, but real cash you can spend anywhere! Which, of course, is the real reason for the failure of Flooz. It's an idea whose time has not yet, or might not ever, come. Simply turned out that there was just no consumer demand for it.