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Do we still not have a foolproof fraud solution? Why not just force 3D-Secure (offloads liability to the bank) or ask additional questions/verification if neede
by Nextgrid 3y ago
Do we still not have a foolproof fraud solution? Why not just force 3D-Secure (offloads liability to the bank) or ask additional questions/verification if needed?
It seems like the problem isn't payment fraud or nefarious activity but "fraud" in the form of people not sharing as much personal data as spyware operators would like.
- lxgr 3y ago> Why not just force 3D-Secure And guess what the bank will most likely be doing to mitigate that liability shift. It's heuristics all the way down.
- Nextgrid 3y agoTrue, but at least as a merchant you’re no longer discriminating and being neutral instead. Also, the bank may have access to stronger identifiers and completely ignore your VPN usage.