Max Levchin in Cringely's interview series said calmly that they burned through $100 million TO (not incidental) solve the problem. Anyone who wants the same le

Max Levchin in Cringely's interview series said calmly that they burned through $100 million TO (not incidental) solve the problem. Anyone who wants the same level of fraud protection is looking at a cost of $100 million. However, I think the credit card companies have shrunk down that barrier to entry by making their own anti-fraud systems.