Balance of risk
Multiple choice question. Does the risk for card fraud lie with:
a) the customer
b) their card issuer
c) the card processing company (Streamline,Cardnet etc.)
d) the merchant
If you guessed a, b or c then go stand in the corner
Any fraudulent transaction get charged back to the merchant, plus an administration/penalty fee for the privilege
I'm a little tired of all the scare stories about card fraud when no one ever mentions that it's not the customer or the banks that lose out, but the merchant who loses both the goods and the money. And the police couldn't care less.