LifeinAsia - 3:46 pm on Jun 21, 2007 (gmt 0)
The difficulty has always been that the money is stolen from the credit card company and not the consumer.
No, it's often the *merchant* who loses the money. If the credit card companies were REALLY losing much money from fraud, they certainly would not be sitting on their hands doing nothing. As long as they can just pass the losses to the merchants, they have no incentive to do anything.