We at Ravelin (https://www.ravelin.com) are building solutions to stop this. Sti... | Hacker News

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sjwhitworth on Sept 18, 2015 | parent | context | favorite | on: Candy Japan hit with credit card fraud

We at Ravelin (https://www.ravelin.com) are building solutions to stop this. Still surprises me how many people think banks/schemes are responsible for CC fraud, when it's actually the merchant that gets punished. And yeah, fraudsters operate like locusts.

jbombadil on Sept 18, 2015 [–]

I don't understand why does the merchant have to pay the 15 fee. It sounds to me the entity that should handle the loss of fraud is the bank.

sjwhitworth on Sept 20, 2015 | [–]

Blame the lack of competition in the international payments system I guess.

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