Dogberry2;384461 Wrote:
> That's the first time I've ever heard the use of security checking on
> financial transactions called "stupid" or a bad business model. Nearly
> every online purchase I make with a credit card (thousands over the
> past ten years) requires either CVV or AVS verification. I suspect
> businesses find that making an effort to eliminate credit card fraud is
> a preferable business model to not doing so.
And of course, Banks may require it as part of their merchant
contract.
("Well, no you don't need to use AVS, but you will need to pay much
higher transaction fees if you don't, since we don't like online
ordering.")
Amusing story: my CU reissued every single debit card a few years ago
thanks to TJMaxx. A week later, I got a phone call from Visa, asking
me about a large number of purchases on my card.
I asked them, "Were they all at Amazon?" They said Yes.
I asked if they were all small items... Again, yes.
And all shipped to my home? Yep.
Seems ordering a dozen CDs on a 'new' card, all from "Amazon
Marketplace" set off their fraud alerts and they needed to call me to
confirm my new card wasn't stolen.
--
snarlydwarf
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