Right now all of the burden is on the credit card companies. Any fraud is their liability.
If we switch things up, and implement something like passwords or pins, WE get the liability. That’s worse than our current situation. And given how badly people get hacked or phished, all it means is that consumers lose.
Right now, those “magic little numbers” work great, and in the case of fraud, we are protected. I don’t want the situation to reverse itself and have us the first to suffer from fraud.
Right now all of the burden is on the credit card companies. Any fraud is their liability.
If we switch things up, and implement something like passwords or pins, WE get the liability. That’s worse than our current situation. And given how badly people get hacked or phished, all it means is that consumers lose.
Right now, those “magic little numbers” work great, and in the case of fraud, we are protected. I don’t want the situation to reverse itself and have us the first to suffer from fraud.