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Plus, even though credit card companies compete individually, as an industry they all have a strong incentive to work together to prevent fraud. Loss of trust i
by drumdance 13y ago
Plus, even though credit card companies compete individually, as an industry they all have a strong incentive to work together to prevent fraud. Loss of trust in Visa/Mastercard as a brand would be catastrophic to all issuing banks.
- fnordfnordfnord 13y ago> as an industry they all have a strong incentive to work together to prevent fraud. Do they? It looks to me like the industry has treated the fraud problem (which they created) as an opportunity to sell more services (credit monitoring, fraud protection, etc.) without addressing the security problems with their antiquated technology.
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