> credit card companies focus on identifying fraudulent transactions
That had me laughing, you really clearly have not dealt with large numbers of $10 to $50 transactions.
Card companies don't care at all about such charges, if you have a valid card number, expiry in the future and a cvv that matches the charge will be accepted.
VBV and its sister programs has been designed to combat this and passes most of the responsibility back to the consumer or their bank in five-way handshake between the consumer, the merchant, the IPSP, the bank and the issuer.
Comments
> credit card companies focus on identifying fraudulent transactions
That had me laughing, you really clearly have not dealt with large numbers of $10 to $50 transactions.
Card companies don't care at all about such charges, if you have a valid card number, expiry in the future and a cvv that matches the charge will be accepted.
VBV and its sister programs has been designed to combat this and passes most of the responsibility back to the consumer or their bank in five-way handshake between the consumer, the merchant, the IPSP, the bank and the issuer.