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Industry Insider:Cyber PI |
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Steven Peisner didn’t intend to become an expert in credit card fraud. Instead, the 24-year veteran of the credit card industry seemed more than happy in his role as vice president and director of Acquiring Solutions International Inc., an independent sales organization based in Calabasas, California. That is, until he got a wake-up call in early 2004.
“We handle the processing for a number of large Internet merchants that do between $1 million and $2 million in business each month,” Peisner says. PeopleData.com was one of those merchants.
“One day, we got a call from a processor that said PeopleData’s chargebacks were going through the roof,” Peisner continues. “We were told that if we couldn’t fix the problem, we’d have to terminate the account.”
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