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There is no solution for credit card fraud because the credit card companies do not pay the bulk of the fraud that happens. I have been the subject of fraud bot
by bbuffone 14y ago
There is no solution for credit card fraud because the credit card companies do not pay the bulk of the fraud that happens. I have been the subject of fraud both as a merchant and as a consumer and in both cases i was the one that paid.
- jemeshsu 14y agoTwo-factor authentication is a good deterrent but is not available everywhere. For my card, for some sites, immediately after clicking "Buy" button, the bank will SMS me an expiring (within minutes) 6 digit code to my mobile phone, and I will have to enter the code to complete the transaction.
- mhp 14y agoCan you elaborate on how you had to pay in the case when you were a consumer and suffered fraud? As a consumer and merchant, I've only ever had to pay when I'm a merchant.