Reply to post: Re: Refunds hide fundamentally insecure system

Met police commissioner: Fraud victims should not be refunded by banks

Roland6 Silver badge

Re: Refunds hide fundamentally insecure system

he market shift to contactless payments (from magnetic stripe) where I am has reduced card-based fraud by nearly two thirds.

Hardly surprising, one of the big things chip-and-pin and contactless did was require merchants to invest in new card readers, which were designed to be taken to the customer and hence the card didn't leave the sight of it's user/owner...

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