8 ms·
>We have this well established thing called a credit score which is handled by the credit card agency and resolves trust issues for the merchant entirely. We h
by kneel 8y ago
>We have this well established thing called a credit score which is handled by the credit card agency and resolves trust issues for the merchant entirely.
We have this well established phenomenon called 'data breaches' which has compromised nearly everyone's credit/personal data.
Your info is on the dark web. Lots of databases that can be cross correlated. Banks increasingly don't know who they're dealing with, fraud is increasing.
- a_c_s 8y agoConsumers don't need to worry about this though: all fraudulent charges are removed from the customer's account and are somebody else's problem. The customer gets a new credit card sent to them, sometimes even overnight, for free. I've had both credit and debit card fraud happen to my accounts: it is a pretty minor annoyance. (A data breach of my Social Security Number would be a whole different story however!)