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Costs of replacing infrastructure are higher than the costs of fraud. That is the reason why nothing happens. Financial institutions know how to count money.
by duhast 13y ago
Costs of replacing infrastructure are higher than the costs of fraud. That is the reason why nothing happens. Financial institutions know how to count money.
- streetnigga 13y ago10 years of fraud cost less than the implementation of chip and pin? EU banks and finance firms must of folded half a decade ago under the crippling burden. Thankfully these wise financial institutions know how to count monies, offloading fraud costs into higher fees and fines for consumers and businesses. Else we'd all be in a bad spot.
- smackfu 13y agoCompletely depends on how much fraud there is. Maybe there is much more credit card fraud in the EU?