A post relating to this item from Finextra:
16 June, 2009
Retail association hits Visa Europe with interchange antitrust complaint
Retail association EuroCommerce has lodged a complaint against Visa Europe, accusing the card network of infringing European competition law over interchange fees.
Card Fraud can be eradicated but only if card issuers will take the reponsibility of implementing the correct solutions. The solutions that provide the best protection and which can eliminate card fraud have to be implemented by card issuers, on their side.
Card Issuers are making the mistake of 'passing the buck' to merchants when these appropriate solutions do not have to be implemented on the merchant side.
Perhaps card issuers will soon realize that they stand a better chance in justifying and keeping their interchange revenues by implementing the correct solutions that will wipe out card fraud.