And that becomes industrial, as someone takes 50 thousand cards, and then steals... | Hacker News

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		ta_1138 on Aug 17, 2024 \| parent \| context \| favorite \| on: Ask HN: Do we need to pay billions in fees to Stri... And that becomes industrial, as someone takes 50 thousand cards, and then steals $20 from each. Then the next store takes another $20... Fraud is already a big business, with the current security levels. With worse security? Fraud goes up some more.

konschubert on Aug 17, 2024 [–]

Why are you thinking cards?

A modern payment system would require at least touch/Face ID on every transaction.

Higher amounts would require 2FA, pre-authorization, delays, cool-downs etc.

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