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A comment on How credit cards make money. Parent comment

Re:How credit cards make money by rendaw on Friday November 05, 2021 @10:55PM (#29127106)
Isn't a lot of the risk of fraudulent charges, etc. due to bad credit card design decisions and outdated technology? Is this something we should be grateful for?
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Re:How credit cards make money by herbst on Saturday November 06, 2021 @04:54AM (#29128545)
Yes it is. In Europa we use 3d secure some kind of 2fa for credit card payments (online at least, in RL most still use their maestro kind cards) and fraud is more or less a non issue.

Accepting credit card as merchant for years now I only had 2 fraud issues, both using American credit cards.

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