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A comment on Site requests bank logins for online purchases. Parent comment

Re:Site requests bank logins for online purchases by kjbflsudfb on Wednesday November 16, 2016 @08:15PM (#12973305)
Yea, but those are different services that utilize the history of your transactions. What reason does an online retailer have to access that level of detail? Shouldn't they simply be able to accept the information on the credit card for the sale?
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Re:Site requests bank logins for online purchases by jpalomaki on Wednesday November 16, 2016 @08:24PM (#12973352)
They can reduce their risk by doing this. For online retailer there is always risks in accepting card payments. (Not saying this is a good idea, just trying to find reasons).
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Re:Site requests bank logins for online purchases by kjbflsudfb on Wednesday November 16, 2016 @08:25PM (#12973359)
Whose risk is reduced? The retailer or the bank? Certainly not the cardholder.
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Re:Site requests bank logins for online purchases by 464192002d7fe1c on Wednesday November 16, 2016 @08:42PM (#12973464)
The retailer and only the retailer.

It probably reduces fraud chargebacks to nearly 0.

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