Quote:
Originally posted by Driven@Dec 9 2003, 04:51 AM
I'm just thinking if visa was to say "ok you signed up via 3dsecure you can't chargeback" the system would have to be perfect but given the nature of the business they can't say that so other rules must apply and chargebacks will still remain.
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This system only covers the authentication disputes (the "I didn't do it" chargebacks :-).
For VbV transactions, the merchant is NOT liable for such chargebacks.
So this shifts the problem to another party. I think to the bank? That would be a good motivation for the banks to educate their users and make sure they actually use the presented methods to verify they are not being conned.
I agree with you that users are usually ignorant, and this seems like an impossible task.
Maybe the end result will be that banks will simply motivate their cardholders to do another type of chargeback? Which will bring us back to where we are today.. ;-(