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> or shell out more of their margin for a third party fraud prevention service. It's disgusting. how is that meaningfully worse than your proposed solution, pa

• fpgaminer 10y ago
  Because, right off the bat, the CC processor can do a better job. They have more volume and resources, so their fraud prevention could be just as good if not better than the third party systems (note: _could_, assuming they actually put the necessary effort into it). More importantly, though, what I suggest is implementing actual security on credit cards. These fraud detection systems would be largely unnecessary if credit cards were secure. That's primarily what I suggest, and that would reduce fraud overall, thus reducing overall costs for everybody.