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Many of those use cases probably shouldn’t be supported. It would cut down on fraud if we disallowed card not present transactions on unknown devices.
by ghayes 6y ago
Many of those use cases probably shouldn’t be supported. It would cut down on fraud if we disallowed card not present transactions on unknown devices.
- kenniskrag 6y agoWith the EMV skimmer fraud is dropping. With 2FA on big transactions other frauds can be decreased. Some provider have a mobile app to accept the transaction and/or send a message after a transaction.
- michannne 6y agoThat's an ideal. You have to be reasonable with the expectation that people are going to want to use their card in places where it isn't securely convenient to do so. Otherwise, you will end up creating a niche with no mass market appeal, and there's really no point in developing out infrastructure unless you're replacing the old one completely. Again, credit cards exist for convenience. If it's security you're aiming for, you're targeting the wrong market.
- GoblinSlayer 6y agoChip cards are already secure because they use proper cryptography. But online payments are done without any cards whatsoever. For example paypal and webmoney are payment methods of their own.