Comment Re:When is a bank not a bank (Score 1) 775
American Express, Discover, Visa, Mastercard et al. aren't banks, for one. Don't confuse the Bank of the Americas or Wachovia that provides the line of credit. As CC64love said, the credit card companies designed the system. Them being at fault for stolen cards would provide the incentive needed to secure the system they designed. The card holder has enough trouble already with card fraud, and the chump merchant with their $8/hr cashiers can't be expected to tell a fake card from a real one. So tell me why shouldn't the card companies be held responsible?