Comment Re:make vendors responsible for fraud.... (Score 1) 1067
An issue with that is that it's not all the same company. Card Issuers (Banks/AMEX/Discover) are not always the same companiess that are putting the point-of-sale boxes in the stores, known as Merchant Processors (First Data/ADP/National Processing).
So if there is fraud...and there always is...is it the fault of the merchant processor, the card issuer, the merchant, the card holder, or the criminal? You decide. Right now, the costs of fraud are pretty much absorbed by the card issuer and merchant processor. (though down stream it translates to higher fees paid by the merchant).
So if there is fraud...and there always is...is it the fault of the merchant processor, the card issuer, the merchant, the card holder, or the criminal? You decide. Right now, the costs of fraud are pretty much absorbed by the card issuer and merchant processor. (though down stream it translates to higher fees paid by the merchant).
