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PSD2 in the EU solves this with MFA (you have to open your bank app to approve the specific card transaction). > The vast majority of long-distance orders are
by sofixa 3y ago
PSD2 in the EU solves this with MFA (you have to open your bank app to approve the specific card transaction).
> The vast majority of long-distance orders are fraud.
I'm calling bullshit on this one. Do you think Amazon, AliExpress, Ebay, Etsy, etc only ship to the city where their warehouse is located and never over any distance?
- crote 3y agoSorry, I should've made that clearer. With "long-distance" I meant cardholder address vs. delivery address. Someone living in NYC (and thus having their card registered in NYC there) is usually going to have it delivered to their home (in NYC) or their office (also NYC, or close to it). Someone living in NYC is very unlikely to order something for delivery in London. The location of the warehouse-of-origin is not relevant here. > PSD2 in the EU solves this with MFA (you have to open your bank app to approve the specific card transaction). Still not solved, unfortunately. With my EU-based credit card it seems to be a coin toss whether it asks for MFA confirmation or not.
- fragmede 3y agoSomeone living in NYC is totally unlikely to have family and friends that live in London and is going to send packages to them? There's even a term, NYLon, for people that live a lifestyle that goes between those two specific cities. Without any supporting data, "the vast majority" being fraudulent seems like a wild claim.