Do you know if InComm/Giftango take on any of the burdens of fraud?
There already seems to be a big moral hazard problem with credit card companies and merchants, where the merchants have to cover the entire loss if I understand correctly.
I'm hoping competition from startup payment processors might put pressure on credit card companies, as this ends up costing businesses and consumers a lot of money.
There already seems to be a big moral hazard problem with credit card companies and merchants, where the merchants have to cover the entire loss if I understand correctly.
I'm hoping competition from startup payment processors might put pressure on credit card companies, as this ends up costing businesses and consumers a lot of money.