News for hackers. Stuff that matters.
Re:E-commerce will evolve next month as Amazon loses the 1-C... by benmowa on Friday August 18, 2017 @11:41AM (#15047142)
"if there's any fraud the merchant eats all of it!"

- not 100% true- see "fraud Liability Shift topics" Your card Issuer gets it if it's an EMV (ie chip was dipped) card-present transaction, merchant gets the liability if it was online or over the phone-Exception being if 3DS is used. Fraud is ultimately payed for either by your bank or by the merchant.

Re:E-commerce will evolve next month as Amazon loses the 1-C... by icebraining on Friday August 18, 2017 @03:23PM (#15049016)
If the chip is present, then the merchant storing the card info is moot, no?
Re:E-commerce will evolve next month as Amazon loses the 1-C... by benmowa on Monday August 21, 2017 @03:17PM (#15066962)
no because they can be breached leading to other transactions appearing on your card.