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vpn providers see an enormous amount of fraud.
by trotsky 13y ago
vpn providers see an enormous amount of fraud.
- justanother 13y agoYes, this. Card issuers do not enjoy doing business in sectors with high chargeback ratios. It probably isn't personal or political.
- zmmmmm 13y agoBut then this is partly a choice on their part. For example, I just received a new Visa PayWave card which lets me pay for anything under $100 just by waving my card over the terminal (no contact, no PIN, nothing). So they are removing just about every form of security from the transaction. The letter that comes with the card is full of assurances that I bear no liability for misuse of the card. So basically, the card providers are throwing security out the window because they want to increase the rate of legitimate transactions and then wholesale black banning whole segments of the market that have slightly higher risk to counterbalance the increased risk. If they were willing to apply slightly higher security measures they could easily mitigate the risk, but they don't want to because it would decrease the rate of legitimate transactions.
- trotsky 13y agoContactless smartcards like you describe are much more fraud resistant than existing skim-friendly magstripes.
- josephlord 13y agoMake cuts with a sharp knife around the chip to sever the NFC antenna. Then confirm it doesn't work at a terminal you trust that you can cancel the transaction on. With UK credit laws I might be OK with this on a credit card but there was no way I wanted it on my debit card with a direct line to my current account. I only use the debit card for cash and the very occasional purchase (think car purchase once every 5 years or so frequency and inconvenience to pay cash).
- toomuchtodo 13y agoThey should be accepting bitcoins instead.
- Chanel_Bunnell 13y agoMany of them do.