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A little bit of background about myself. I used to work on credit card systems as a software developer and know the credit card systems well and all their quirks. Heck, in fact, I even know about epoch, ibill, ccbill and all the online systems out there. I know their fraud capabilities and to be honest, none of them are any good at all. So I started my own R&D company do deal with CC fraud and still working on it and still trying to get it finished. But the point here is this:
Chargebacks occur because these systems do not have an advanced fraud deterent system in place. Fuck AVS aka Address Verification System which they call a fraud detection system. A european person in france does not have AVS on their stupid credit card. Fuck AVS because they only match the fucking number on your house and state and zip
EG. If you stay at 1, White House Lane
do you know what they look for in the AVS for address?
That NUMBER 1. That is right that number ONLY. Not the whole fucking address. Do you know for Ibill, CCbill and any of these companies can actually do a sumbit on their processor with lets say the following to their gateway?
User:
Andrew Mean
1, White House Lane
CA 46911
All they need to really send to the processor to get back an AVS code is 1, 46911 and not the entire line of address even? Enuff said. The bank is at fault but hey at least I am sure that when my project is finish it will rake in big bucks for me. Enuff said.
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