credit card follies
It seems we are seeing stories like this more and more frequently. The latest: hackers get into a computer run by CardSystems, a company that processes credit card payments. MasterCard said no personal info (beyond the 40 million credit card numbers, that is) was attached to the files, but that hardly fills me with confidence, since this year alone customer info has been stolen at Bank of America, ChoicePoint, Reed Elsevier and now CardSystems.
MasterCard and Visa reassure us that customers aren't held responsible for unauthorized charges, but I was surprised to learn in this article that not only do the card issuers pass the loss on to the business that authorized the charge, the banks actually CHARGE merchants for reversing unauthorized charges. In other words, they make a PROFIT off of bad charges. Not much of an incentive for them to better protect our info, is it?
MasterCard and Visa reassure us that customers aren't held responsible for unauthorized charges, but I was surprised to learn in this article that not only do the card issuers pass the loss on to the business that authorized the charge, the banks actually CHARGE merchants for reversing unauthorized charges. In other words, they make a PROFIT off of bad charges. Not much of an incentive for them to better protect our info, is it?
4 Comments:
yep, it sucks. my business gets charged £35 every time some punk tries to buy online using a cloned card (frequently, and always from Nigeria)
replica watches, ugg boots, michael kors outlet, nike outlet, polo outlet, christian louboutin outlet, louis vuitton, christian louboutin shoes, oakley sunglasses, michael kors outlet online, nike air max, michael kors outlet online, tiffany and co, gucci handbags, jordan shoes, louis vuitton, nike air max, ray ban sunglasses, longchamp outlet, ugg boots, ray ban sunglasses, christian louboutin uk, uggs outlet, oakley sunglasses wholesale, uggs outlet, michael kors outlet, oakley sunglasses, cheap oakley sunglasses, polo ralph lauren outlet online, longchamp outlet, replica watches, nike free, longchamp outlet, michael kors outlet online, uggs on sale, michael kors outlet online, prada handbags, louis vuitton outlet, ray ban sunglasses, burberry outlet, chanel handbags, christian louboutin, tiffany jewelry, louis vuitton outlet, tory burch outlet, prada outlet, kate spade outlet
true religion outlet, hollister uk, nike roshe, coach outlet store online, oakley pas cher, polo lacoste, nike free run, true religion jeans, mulberry uk, ray ban pas cher, burberry pas cher, michael kors, ralph lauren uk, air max, hollister pas cher, north face, polo ralph lauren, michael kors, hogan outlet, nike blazer pas cher, coach purses, converse pas cher, nike air max uk, nike air max uk, longchamp pas cher, nike free uk, abercrombie and fitch uk, true religion outlet, nike air max, kate spade, ray ban uk, new balance, north face uk, lululemon canada, guess pas cher, vans pas cher, sac longchamp pas cher, michael kors pas cher, michael kors outlet, jordan pas cher, true religion outlet, sac vanessa bruno, sac hermes, nike air force, timberland pas cher, coach outlet, nike tn, louboutin pas cher, replica handbags, nike roshe run uk
ugg,ugg australia,ugg italia, moncler, pandora charms, toms shoes, gucci, montre pas cher, ugg pas cher, ugg uk, moncler uk, swarovski crystal, moncler, swarovski, canada goose outlet, nike air max, hollister, ugg,uggs,uggs canada, louis vuitton, vans, coach outlet, louis vuitton, hollister, canada goose outlet, moncler, ugg, ray ban, juicy couture outlet, wedding dresses, supra shoes, doudoune moncler, converse outlet, moncler outlet, converse, louis vuitton, pandora jewelry, moncler, canada goose outlet, marc jacobs, links of london, moncler outlet, louis vuitton, barbour uk, karen millen uk, canada goose, replica watches, canada goose, canada goose uk, pandora jewelry, louis vuitton, juicy couture outlet, pandora uk, barbour, canada goose, thomas sabo
Post a Comment
<< Home