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> I literally said 'lawful' transactions. Fraud is not lawful. The problem is, it's almost all allegedly fraud. No one has the time or money to prosecute all
by nordsieck 3y ago
> I literally said 'lawful' transactions. Fraud is not lawful.
The problem is, it's almost all allegedly fraud.
No one has the time or money to prosecute all of the attempted fraud in the system.
- arcticbull 3y agoSame exact process as now, except you have a guaranteed right to appeal.
- novok 3y agoAnd your effectively at the same spot again
- arcticbull 3y agoHow so? Currently if your transaction isn't permitted there's nothing you can do. Networks aren't required to process any transaction they don't want to process, or any kind of transaction they don't want to process.
- novok 3y agoYou can appeal and talk to payment processors today, and they essentially tell you that your category of transactions has high fraud rates or exposes them to legal risk until you do XYZ impossible or arduous things to mitigate the liability or risk. They will use the same motte that they use now to justify their bailey reality.