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What fraud prevention and innovation? They don't investigate anything. My card has been stolen or skimmed 3 times in 2 years. They just write it off and send me
by eppp 3y ago
What fraud prevention and innovation? They don't investigate anything. My card has been stolen or skimmed 3 times in 2 years. They just write it off and send me a new one. How many billions a year are these two companies foisting on us instead of actually fixing the fraud or prosecuting it?
- matthewdgreen 3y agoCard number theft and physical card skimming are two types of fraud that should have been technologically obsolete at least a decade ago. The fact that these things still happen is entirely due to decisions made by the payment card industry.
- throwaway04724 3y agoI may be wrong, but from what I understand they are not directly responsible for covering the fraud. That burden is sent downstream to banks and merchants. If they had been held responsible we would probably have a lower rate of frauds. They don't even enforce 3D secure for all countries.