The Credit Card Unintended Consequence
Written by Evan SchumanFebruary 22nd, 2007
When the credit card companies unveiled their Zero Liability programs, their goal was to encourage consumer purchases. The unintended result: it is greatly fostering weak retail security systems. In short, the program intended to make consumers feel more safe is actually making them less safe.
As the TJX data scandal gets worse with each passing day, many in the industry are saying that no retail chain will be so carefree about security again, given what the $16 billion discount clothing chain is enduring.
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
Is there really an improvement between a mag swipe and contactless tap if multi-factor authentication is required?
-Ed
