AT&T Corp.'s move to cover credit card fraud losses incurred by users of its on-line service should encourage electronic shopping, industry observers said.

The telecommunications giant said it will take full financial responsibility for the losses of consumers who make purchases with AT&T credit cards using the forthcoming Worldnet service, which will provide access to the Internet.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.