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nickff • yesterday at 8:54 PM • 2 replies • view on HN

The problem is the ‘fraud safety’. Your ‘safety’ is likely to be some else’s inconvenience (or vice-versa), and credit cards are all about ease-of-use. Fraud-related costs are also one of, if not the largest single contributor(s) to payment processing fees.


Replies

dozerly • yesterday at 10:11 PM

Seems like payment processing would do well to be a public good instead of a for-profit venture to me.

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mitxela • yesterday at 11:13 PM

Other countries solved this by doing payments in ways that fraudsters can't simulate, such as a cryptographic handshake with a chip on the card.

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