3 ms·
They may not have any natural incentive, but whoever processes their credit card transactions could certainly provide one.
by __jal 8y ago
They may not have any natural incentive, but whoever processes their credit card transactions could certainly provide one.
- duxup 8y agoI worry that they don't really "care" either outside of a baseline of plausible deniability.
- chatmasta 8y agoAnd why would they, if any fraud is insured? It’s priced into their business model. There are some interesting ethical debates to be had around stealing credit cards. At the end of the day, who is the thief really hurting? The consumer is inconvenienced at worst. The card companies are insured. The insurance companies already priced the risk into their actuarial models.