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A comment on Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC?. Parent comment

Re:Do we need to pay billions in fees to Stripe, Block, PayP... by ta_1138 on Saturday August 17, 2024 @04:20PM (#41277635)
And that becomes industrial, as someone takes 50 thousand cards, and then steals $20 from each. Then the next store takes another $20...

Fraud is already a big business, with the current security levels. With worse security? Fraud goes up some more.

[ Parent | on HN ]
Re:Do we need to pay billions in fees to Stripe, Block, PayP... by konschubert on Saturday August 17, 2024 @06:27PM (#41278520)
Why are you thinking cards?

A modern payment system would require at least touch/Face ID on every transaction.

Higher amounts would require 2FA, pre-authorization, delays, cool-downs etc.

[ Parent | on HN ]