News for hackers. Stuff that matters.

A comment on Visa card network crashes, causing increased decline rates across UK and Europe. Parent comment

Re:Visa card network crashes, causing increased decline rate... by DaiPlusPlus on Friday June 01, 2018 @03:29PM (#17209125)
Credit card interest payments go to the bank. Visa/MasterCard don’t get any of that.
[ Parent | on HN ]
Re:Visa card network crashes, causing increased decline rate... by expiredtofu on Friday June 01, 2018 @07:12PM (#17211325)
I thought the bank was the one that provided the fraud protection, customer service, etc.
[ Parent | on HN ]
Re:Visa card network crashes, causing increased decline rate... by willstrafach on Saturday June 02, 2018 @01:15PM (#17215423)
Fraud protection is not really “provided” by anyone, it is simply a reversal of the charge, leaving the affected merchant holding the bag.
[ Parent | on HN ]