Amazon Credit Card debacle
the more i think about this I think this is pretty simple, and important. its not like they cant program in that the payor (name on the card) gets all purchases reported on their account. You are pretty wicked smart from what I have seen so I say it hesitantly, but fairly confidently.
It’s not that simple. If you just made it by card you’d likely catch a whole bunch of legitimate users.
And then, how do you notify the card holder? The account user gets all the notifications from Amazon, and if someone has stolen your card the account information will be theirs. So the only entity that can notify the card holder is the card company.
You could crack down on accounts that have a different shipping and billing address, but again, you’d catch tons of legitimate users.
And I dunno about your account, but you can set your notifications to get an alert if your address is changed. But that doesn’t do anything if someone has a different account with your card.
how does a hacker get the CCV?
By hacking an online company with the stored card info. Or by using a skimmer on a point of sale device.
Nothing on the internet is truly safe, there are various levels of security but ultimately there will always be leaks and hacks. Look at how many companies have reported data breaches. If you clicked “save my data” on any of those retailers websites they have your card info.
The only way to really deal with this is to monitor your card activity closely. Not with just your monthly statement, but with alerts for card use. You can set those alerts pretty specifically, dollar amounts, locations, etc.
