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I use my credit card at brick and mortar merchants less and less -- even my local gas station accepts Android/Apple Pay (and presumably contactless card taps, b
by Johnny555 5y ago
I use my credit card at brick and mortar merchants less and less -- even my local gas station accepts Android/Apple Pay (and presumably contactless card taps, but I couldn't get it to work with my card). Even the cafe I frequent switched to readers (I think they were Square) associated with an iPad so I add a tip and pay with my phone at the table.
But what are they doing to secure online payments? Last time my card number was stolen, all of the fradulent charges were at online merchants.
- peteretep 5y ago> what are they doing to secure online payments? https://en.m.wikipedia.org/wiki/3-D_Secure https://en.m.wikipedia.org/wiki/3-D_Secure
- tpetry 5y agoOnline transactions can be secured by solutions like 3D Secure. In the european union for european countries such solutions are already required for dome transactions. But US companies hesitate to enforce them as they make buying less convenient but much more secure. Or the CCV printed at the back of a credit card, this is impossible for bank cards in europe. But mastercard and visa prefer the convenient approach. It would be a nice if one of the new fintech startups added the option in the account settings to enforce 3D Secure for all online transactions.