4 ms·
This completely ignores the amount of worry and frustration which an ordinary person has to go through to get back to the point that only the bank are out of po
by VBprogrammer 6y ago
This completely ignores the amount of worry and frustration which an ordinary person has to go through to get back to the point that only the bank are out of pocket. It's not trivial by any means.
You could also make an argument that by continuing to allow this fraud to happen we're funding all kinds of nasty people. I'm not convinced the argument holds water since bad guys are often faster to move than the banks but it's worth noting.
- kergonath 6y agoIt’s a systemic issue. In jurisdictions where banks cannot shift the risk to the customers, they tend to be more effective. In the few European countries I know, banks are very pro-active about card fraud and refund without asking questions if fraud happens anyway. Nasty people will get funded anyway, but reducing fraud also reduces their income. The main drawback is that people have to use their PIN (and even that is getting rare thanks to contactless cards).