[devman0]

You said you don't want the ability to do chargebacks, but chargebacks solve two different problems: 1) origination fraud (i.e. someone not you originates a transaction from your account) and 2) merchant fraud (i.e. goods not as described/unsatisfactory/undelivered).

It's fine if you say, yeah I can do without #2, but realistically you cannot do without #1 in any digital payment scheme that will have wide acceptance so a chargeback mechanism is required.

The only settlement methods we have that do without both protections are cash, cashiers checks, and wires. Setting aside cash the other two are a pain in the ass to originate exactly because they are non reversible.

[konschubert]

1) can also be solved with limits and increasing levels of authentication.

[warkdarrior]

Sure, tell me the limit that has no fraud detection, so I know how many card numbers I need to steal.

[konschubert]

Why do you think a card number would be enough to issue a payment?