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With PayPal In Home Depot, Who Pays For Fraud Losses?

Written by Evan Schuman
February 23rd, 2012
As Home Depot prepares to make its in-store PayPal payment system a chain-wide feature next month, security and who-pays-the-fraud-bill issues are making the differences between Visa/MasterCard/American Express and PayPal more glaring. Say what you will about the old guard payment brands, PCI and fraud responsibility, but at least retailers know the payment ground rules with the treasury troika.

This is proving to be an especially key point with Home Depot as the trial's convenience factor—no phone needed, no card, no chip, nothing beyond a phone number and a short PIN—is trumping its security.

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Posted in In-Store, Mobile/Wireless/Contactless, Payment Systems, Premium Content, Security/Fraud
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