Au contraire - security from credit cards IS better than the proposed competition from the retailers, which avoid CC fees by deducting your payment directly fro

Au contraire - security from credit cards IS better than the proposed competition from the retailers, which avoid CC fees by deducting your payment directly from your bank account. Credit card security is better simply because it doesn't take your money directly -- the charge is added to a credit account that you then pay (or not pay if you dispute it). While debit cards / bank accounts offer the same protection as credit cards, in that you have 0% liability for fraudulent/unauthorized charges, it still can take a period of time in order to "get your money back" after your account has been drained. That can pose serious problems if you are depending on that money to pay rent and other bills. Thus, the effective security of credit cards is in fact higher, because you are not parted from your money while you are waiting for the dispute resolution.