Posted by:
admin
14 years, 8 months ago
I've always wondered why you could buy gas with a credit card without needing a PIN number. It would seem to me that adding a PIN to purchases where the user does the swiping would eliminate 90% of stolen credit card purchases. Now, I find that American Express is making it even easier with a contactless payment card supported by McDonalds.
Individually, of course, if you spot the fraud, you're not out the cost of the Number 1 with a Coke. However, the total cost of fraud is absorbed by credit card consumers. Share on Twitter Share on Facebook
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