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Sure, but the store that accepted the invalid credit card has traditionally been on the hook. The store is the one being targeted even if the person whose credi

Sure, but the store that accepted the invalid credit card has traditionally been on the hook. The store is the one being targeted even if the person whose credit card was stolen can get off with disputing the charge. And before everything was networked, there was no way for a store to check with the credit card company that the card wasn't reported stolen. That's the trusting people part, it's the store that is trusting people without the ability to even verify that the card hasn't been reported stolen. Yes, there is a paper trail, but the situation I'm talking about is analogous to a bad check or a counterfeit bill -- there's no recourse if the bad actor can't be found and the store is on the hook.

alibarber 5y ago
Ah I understand now - from the shop’s point of view yes there is risk in this. I am just about old enough to remember this time - it’s funny to think that security hinged on checking if the signature looked ‘right’. For cheques I remember here at least for yours to actually be accepted anywhere you needed a ‘cheque guarantee card’ which was basically just a debit card but with a fancy hologram - so a certificate of your ‘goodness’ - up to a certain limit per cheque. The shop would copy the details and this would supposedly guarantee they’ll be paid. I was going to say that shops could have asked for ID - but at this time driving licences didn’t have a picture and weren’t cards - so no one carried them anyway. There was probably a lot of ‘subjective’ acceptance around the place (‘does this person look trustworthy, would they really be given a credit card or did they steal it?’) come to think of it…
- neltnerb 5y ago
  Yes, I didn't want it to veer off topic, but I think it is extremely obvious that such standards involved implicit or explicit biases, as well as real recognition of individual customers' actual past behavior (like if a gas station has taken advantage of them in the past).

alibarber 5y ago

Ah I understand now - from the shop’s point of view yes there is risk in this. I am just about old enough to remember this time - it’s funny to think that security hinged on checking if the signature looked ‘right’. For cheques I remember here at least for yours to actually be accepted anywhere you needed a ‘cheque guarantee card’ which was basically just a debit card but with a fancy hologram - so a certificate of your ‘goodness’ - up to a certain limit per cheque. The shop would copy the details and this would supposedly guarantee they’ll be paid. I was going to say that shops could have asked for ID - but at this time driving licences didn’t have a picture and weren’t cards - so no one carried them anyway. There was probably a lot of ‘subjective’ acceptance around the place (‘does this person look trustworthy, would they really be given a credit card or did they steal it?’) come to think of it…

neltnerb 5y ago
Yes, I didn't want it to veer off topic, but I think it is extremely obvious that such standards involved implicit or explicit biases, as well as real recognition of individual customers' actual past behavior (like if a gas station has taken advantage of them in the past).