I worked in fraud prevention for several of the big banks. They definitely care about it and it is not passed on directly to customers. There's a strong relat

I worked in fraud prevention for several of the big banks. They definitely care about it and it is not passed on directly to customers. There's a strong relationship between card fraud and DDA fraud which very directly hits the bottom line. Typically credit card fraud is monetized by making a balance transfer to a DDA. Chip and pin is on the way. A lot of new cards have it. See below... http://www.federalreserve.gov/newsevents/bank_of_america_20100917.pdf http://www.federalreserve.gov/newsevents/bank_of_america_201... Never explain with conspiracy what can be explained by incompetence.