On October 11, 2018 at 13:41 s...@ottie.org (Scott Christopher) wrote:
> Robert Kisteleki wrote:
>
> > (this is probably OT now...)
> >
> > > I'm pretty sure the "entire point" of inventing CVV was to prove you
> > > physically have the card.
> >
> > Except that it doesn't serve that purpose. Anyone who ever had your card
> > in their hands (e.g. waiters) can just write that down and use it later
> > hence defeating the purpose of "physically having the card".
>
> But waiters don't know your ZIP code which is the other thing needed for
> online verification (in the U.S.)
So be wary if they ask you for photo id which likely has your zip code!
But asking for photo id is a good thing for legitimate card holders,
could reduce fraudulent in-person use of stolen cards.
What a mess.
> 3D Secure is good enough. It will probably be mandatory for payment
> processors sometime in the future. In the meantime, it just costs the
> industry less to cover fraud losses.
>
> --
> S.C.
--
-Barry Shein
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