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One of the key contributions of addressograph technology in its early days was to reduce credit card fraud. Card owners would deny that they dined—-whereas mer
by indus 3y ago
One of the key contributions of addressograph technology in its early days was to reduce credit card fraud.
Card owners would deny that they dined—-whereas merchants notoriously would add charges to cards even if patrons never visited their stores.
There are lots of layers and history in this part of fintech fraud cycle.
Comes the addressograph POS imprinter where it would take a “copy” of your card numbers and have you sign it!
Aside, credit card history and evolution using is just amazing.
- CalRobert 3y agoI got my first credit card (and had retail jobs) _just_ at the end of the era when you could pull out an imprinter with carbon paper and buy stuff that way. Madness compared to having to do chip + pin, 2fa with my phone, etc. I wonder if it's even still possible to do an old-fashioned CC sale? I haven't hard a card with raised numbers in some time.