Re:Privacy – Forget Your Credit Card
by nicky0 on Friday March 25, 2016 @09:11AM
(#11359806)
Quite interesting. Do you know why credit card fraud was a bigger issue elsewhere in the world and not in the US?
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Re:Privacy – Forget Your Credit Card
by narrowrail on Friday March 25, 2016 @09:06PM
(#11363890)
My understanding (I wasn't in the fraud department) was that the US historicaly had better connectivity (leased ISDN lines), and was doing fraud detection in the 'cloud' (i.e. soft real-time). Most other countries had to rely on connectivity-free authorization and ISO 7816 was a better fit there (smartcards with onboard storage and authentication methods).