From: Ken Kittlitz (ken@javien.com)
Date: Wed Oct 17 2001 - 08:38:05 MDT
At 04:43 AM 10/17/2001 -0700, Robert J. Bradbury wrote:
>I suspect this isn't *always* true. In my case the card was never
>stolen. If merchants are presented with what appears to be a
>perfectly valid card and it matches what appears to be a perfectly
>valid ID how can they be held responsible?
Doesn't seem fair, does it? But trust me, the merchant is the one who takes
the hit in such situations :-(. The credit card companies have somehow
created a situation in which they themselves bear little responsibility for
fraudulent use of cards. Only recently have they started improving the
system (e.g., "Verified by Visa", associating PIN numbers with cards). As
Brian pointed out, they have little incentive to do so, since they don't
assume the risk. Whoever negotiated this arrangement for them was one savvy
individual...
--- Ken Kittlitz Vice-President, Javien Canada Inc. http://www.javien.com
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