Re:FedNow FAQ
by closewith on Thursday August 18, 2022 @01:48PM
(#32512739)
The baseline level of payments fraud is through the roof in the States. I have never had a fraudulent transaction on any card or service in Ireland. In the US, it’s literally a monthly event. I have to actually check my statements for the fraudulent transactions. That’s not normal elsewhere.
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Re:FedNow FAQ
by happyopossum on Thursday August 18, 2022 @01:57PM
(#32512846)
> In the US, it’s literally a monthly event
I'm calling BS. Virtually everyone I know has either had zero, or at most one or two experiences with fraudulent charges, and they're cleared up immediately with a phone call.
Fraud is still very much a real problem though (not just in the US). Maybe the circle of people you know aren't typical and actually take reasonable steps to protect their account details.
That's not normal in the US either? Where are you banking?
I've had one credit card compromised in my life, and my bank alerted me before a dollar left my account.
My sole experience with credit card compromise was almost as good--there was one fraudulent charge, but the bank reversed it, canceled, and issued a new card before I could get a chance to notice it.