Comment Easy fix (Score 4, Insightful) 189
The thing is there are so many better ways to do things right now. For starters, you could force any retailer that wants to accept credit cards to upgrade to a chip and pin setup or lose their ability to accept credit cards. Chip and pin isn't perfect, but it's better than a magnetic stripe and a signature. For card not present transactions allow Visa card holders to create a one time credit card number (with a maximum limit) via the internet or over the phone. Want to buy something on line? Generate your own credit card number to the exact value of what you're buying. That CC # number expires at the end of the day - meaning that even if you gave it a ridiculous limit and then sent it to a shady site they'd have 24 hours to use it.
Of course implementing these fixes would cost more than just paying the scammers, so we'll never see it happen.