> You are assuming that "better fraud detection" means "fraud detection that isn't triggered". It means "fraud detection that catches actual fraud and doesn't

> You are assuming that "better fraud detection" means "fraud detection that isn't triggered". It means "fraud detection that catches actual fraud and doesn't bother me otherwise. > Credit card companies aren't as concerned about as fraud because they don't lose money, the merchant loses money. Wrong. The merchant is indemnified against fraud and the CC company takes the loss if the merchant can show that they followed the guidelines in the merchant agreement (essentially: check that the card is signed and the signature on the receipt matches the signature on the card).