"James A. Donald" <[EMAIL PROTECTED]> writes:
> Perry E. Metzger wrote:
>> The call-the-customer-and-reissue mechanism is a
>> mediocre solution to the fraud problem, but it is the
>> one we have these days.
>
> Why is it a mediocre solution?
>
> The credit card number is a widely shared secret.
Perry E. Metzger wrote:
> The call-the-customer-and-reissue mechanism is a
> mediocre solution to the fraud problem, but it is the
> one we have these days.
Why is it a mediocre solution?
The credit card number is a widely shared secret. It
has been known for centuries that widely shared secret
Ian G <[EMAIL PROTECTED]> writes:
> There is a philosophical problem with suggesting an automated protocol
> method for reporting fraud, in that one might be better off ... fixing
> the underlying fraud.
Lets say you're a big company like Amazon or someone similar. You're
pretty sure someone is t
Perry E. Metzger wrote:
This evening, a friend of mine who shall remain nameless who works for
a large company that regularly processes customer credit card payments
informed me of an interesting fact.
His firm routinely discovers attempted credit card fraud. However,
since there is no way for t
John Ioannidis wrote:
Perry E. Metzger wrote:
That's not practical. If you're a large online merchant, and your
automated systems are picking up lots of fraud, you want an automated
system for reporting it. Having a team of people on the phone 24x7
talking to your acquirer and reading them cred
yes, the reputation of/quality of reporters needs to be measured, and
the reported information needs to be enough to
accomplish an auth or a card purchase.
the card issuer can then use a credible report as a hint to increase
the level of attention to the reported cards.
it's in a merchant's
Perry E. Metzger wrote:
That's not practical. If you're a large online merchant, and your
automated systems are picking up lots of fraud, you want an automated
system for reporting it. Having a team of people on the phone 24x7
talking to your acquirer and reading them credit card numbers over th
[EMAIL PROTECTED] writes:
>> His firm routinely discovers attempted credit card fraud. However,
>> since there is no way for them to report attempted fraud to the credit
>> card network (the protocol literally does not allow for it), all they
>> can do is refuse the transaction -- they literally h
Perry wrote:
> His firm routinely discovers attempted credit card fraud. However,
> since there is no way for them to report attempted fraud to the credit
> card network (the protocol literally does not allow for it), all they
> can do is refuse the transaction -- they literally have no mechanism
