Chase's fraud loop is getting really, really good: Somebody (guess who) used my card to purchase a hotel stay at a casino, from Japan. Chase: "That looks sketchy! Denied!" My email lights up within 2 seconds with this.pic.twitter.com/QeY20WBLqA
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
So developers think of shifting responsibility different than the payments industry does. You know who eats the fraud loss in either circumstance? The seller. The bank is just taking a calculated risk here: P(card compromised && email compromised) <<<< P(card compromised)
The bank's incentive to is to let through edge case transactions. The bank's incentive to stop fraud is a) customers like it and b) heads off a costly customer service problem (re-issuing the card, opportunity for churn, loss of usage during the switchover period).
But if everyone follows this, the single point of failure (and juiciest target) becomes the email account. That's bad for the regular folk. Also, credit or debit?
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.