The company, Card Cops, has tried numerous times to turn these credit cards over to the respective credit card companies. The problem is that the credit card companies don't want them! Due to the cost of reissuing 60k+ credit cards, they would rather assume the fraud debt, passing the cost along to the merchants who take credit card transactions, as well as the average consumer. After all, not all of these cards will be used for an illegal purpose.
This type of behavior won't change until the credit card companies change their systems, reengineering them for increased security and better verification procedures. They need to quit jerking their customers around and find effective solutions. The only people who suffer from this are the consumers and businesses; credit card companies will always make sure they are getting their share. It's up to the public to put pressure on these credit card companies to make effective changes.
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I think that ICANN should replace the UN!
And in other news, every nation party to the Kyoto protocol exceeded their allotted supply of C02 emissions today...
The company, Card Cops, has tried numerous times to turn these credit cards over to the respective credit card companies. The problem is that the credit card companies don't want them! Due to the cost of reissuing 60k+ credit cards, they would rather assume the fraud debt, passing the cost along to the merchants who take credit card transactions, as well as the average consumer. After all, not all of these cards will be used for an illegal purpose.
This type of behavior won't change until the credit card companies change their systems, reengineering them for increased security and better verification procedures. They need to quit jerking their customers around and find effective solutions. The only people who suffer from this are the consumers and businesses; credit card companies will always make sure they are getting their share. It's up to the public to put pressure on these credit card companies to make effective changes.