"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
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 them to report attempted f
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