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As long as copying some numbers, printed on a piece of plastic, into an online order form is all the authentication that is needed for a transaction, anything m
by dlcarrier 9mo ago
As long as copying some numbers, printed on a piece of plastic, into an online order form is all the authentication that is needed for a transaction, anything more than that is inherently security theater.
- rahkiin 9mo agoThat’s why for most transactions I do with a credit card in my country, you need an extra validation with the mobile app. It is mostly American websites that do not enable this functionality.
- drnick1 9mo agoYes, because we don't want these stupid locked down apps. Credit cards give buyers many protections, it's very easy to dispute an illegitimate transaction.
- gwillem 9mo agoHowever, you pay 2.7% for that convenience
- drnick1 9mo agoThe consumer does not typically pay this directly. It may be passed onto the consumer indirectly through higher prices, but those apply to anyone regardless of payment method. On the contrary, I get cash back on purchases and other rewards.
- quicklime 9mo agoPretty cool that you have a system where poor people pay for your fraud protection, cash back and rewards!
- Hikikomori 9mo agoEurope mostly uses debit cards but also have most of those protections.
- monksy 9mo agoBecause we have anti-fraud consumer potection rules and CCs operate on a make money first type of bais. The debit networks on the otherhand are a different story.