Comment Re:Misses the point -mod DOWN (Score 1) 313
The person is committing credit card fraud, and IF he pulls one over on you, all MC/VS is saying is "look, it's not the issuing bank's fault, and it's not the customer's fault. We weren't told this was a stolen card until 2 days later...and you could check if it was him. Did you get a signature? Did you verify it's the same as that on the back of the card...etc"
If someone gives you counterfeit/stolen bills you don't go "damn that US currency! If only it wasn't a monopoly!" It's not MC/VS fault this happened with the card. The only person that can check the signature is you. If it doesn't match up, void the transaction and ask for another form of payment. If they give you stolen money to pay for that big screen tv, that'll be taken back for the original owner too!
It's up to the merchant at that point to follow up against the person that commited fraud against them. It's not the cardholder or the currency maker (MC/VS in this case) fault.
If someone gives you counterfeit/stolen bills you don't go "damn that US currency! If only it wasn't a monopoly!" It's not MC/VS fault this happened with the card. The only person that can check the signature is you. If it doesn't match up, void the transaction and ask for another form of payment. If they give you stolen money to pay for that big screen tv, that'll be taken back for the original owner too!
It's up to the merchant at that point to follow up against the person that commited fraud against them. It's not the cardholder or the currency maker (MC/VS in this case) fault.
