[ardy42]

>>>it's an unsolvable fraud/scammer problem.

>> credit card companies and traditional banks and credit unions handle it fine.

> They most certainly do not "handle it just fine". They are highly scammable, they know it, and it's "solved" my moving as much of the burden and repercussions onto the consumer as possible.

That's false. I'm credit card companies are required by law (at least in the US) to shield customers from the repercussions of credit card fraud.

I've had my card number stolen twice, once by someone who used it in the same metro area as I live in, and it both cases it went about as smoothly as you could imagine.