Quote:
Originally posted by Kimmykim
The most important point of all. WHY this is happening. Well it's pretty fucking simple. You take a bunch of cheats and thieves, let them get access to peoples credit cards and then watch what they do. XPICS among others comes to mind for me, though I'll keep the other names quiet since alot of them still do business today.
It's not just Visa that is sick and tired of the fraud and the cheating, it's the banks themselves. 95% of banks DO NOT accept high risk transactions but due to the fact that they are grouped with other banks that do, they become potentially liable for losses incurred by the banks that do take high risk.
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Kimmy Kim is right. And, in my opinion, this is probably long overdue. Overall, in the long run, it's probably going to be good for the biz.
And, for everybody else who's bitching about it ... well ... maybe it's time for you to get out.