Free Money

[koaftder]

The banks would rather write off the fraud losses than fix the problem because its simply cheaper and makes more money to just write off the fraud than it is to introduce security and loose money on people not liking the procedure and not going for impulse purchases.

[koaftder]

pyrre wrote:

(unless you yank out the phone line from the card terminal, in which case you'll have to sign the receipt and show ID)

You still need the correct pin code... If not, the card will decline the purchase. Even when the phone line is unplugged...
In norway, at least... That i know for sure...

About security:
I was buying some airsoft equipment from japan, using visa.
The total amount of money was about, 1400 USD...
I got a phone call from VISA Norway asking if the transfer really was legit... That surprised me...

Doesn't surprise me, $1,400.00 is a hell of a lot of money for toy guns dude. What did you do, buy a few for every kid in your neighborhood?

[koaftder]

If I stuck a gun in somebody's face, I bet I could get all their money and I wouldn't even need the codes!