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Can Bonded Shopping Boost e-Commerce?

By Steve Woda
May 26, 2005

While the Internet has opened up a new world of opportunity for people to share and exchange information, products and services, it has also created tremendous opportunity for fraudsters seeking to take advantage of the anonymity that the World Wide Web provides.

Because e-commerce lacks face-to-face interaction, and online transactions are often completed without any communication between the buyer and seller, there always exists a margin of risk with respect to payment security, data protection and transaction fraud. Specifically, e-commerce has provided a feeding ground for many a fraud perpetuator looking to scam anywhere from a few bucks to millions of dollars from unknowing consumers. Although attorneys, particularly those reading this publication, perform due diligence helping to avoid such problems, unfortunately some attorneys are busy trying to undo some problems created in the course of e-commerce.

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