Comment by EVa5I7bHFq9mnYK
1 year ago
Credit card fraud exists because credit card companies can't (or won't) implement elementary security measures. There should be a requirement to confirm every online payment, but many sites today require just a cc number+date+code+zip, with no additional confirmation, can't call it other than complicity in the crime.
Lost sales due to 2fa are greater than losses due to refunds
Why would 2FA cause lose sales? One would imagine it’s because people are being auto charged for shit they don’t want but haven’t noticed or forgot to cancel.
Because it's more work? Also 2fa often fails for the rightful card owner. And Cloudflare overzealous "security" is one of the reasons for failure.
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Because it just doesn't work with shocking frequency.
Maybe 10% of the time I make a purchase online, it shows me a screen where it says it's waiting for my bank to verify, I'll have to input a code or accept a notification or something.
A solid half the time it fails. Either the site decides the transaction was rejected before I even get a chance to respond (within seconds), or I just don't get any notification or code or anything, or I do authorize it and it still gets rejected.
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