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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).
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.
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.