Quote:
Originally posted by HairToStay
psyko514 claimed:
"for example, if you order something online at Future Shop, they will ask for your credit card billing address. then, they call Visa to confirm the address matches the card number. if someone has taken over the account and changed the address, then visa is going to say "yes, the address matches, go ahead with the transaction". if the transaction gets disputed as fraud, visa will incur the loss because visa said "go for it, it's all good". "
Really? Hm, very odd. I'm always told that when I get approval via terminal or on the phone it is no guarantee the transaction will go through and in fact could be fraudulent, even if they have an exact CVV2 and AVS match.
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i'm not talking about an authorization/approval. say you go to
www.futureshop.com and order a computer. they ask for your credit card billing address. someone at future shop calls your issuing bank and verifies the address with an agent there. if it matches, then future shop requests auth/approval for the transaction.
if visa told future shop that the address was a match and then they approve the transaction, visa will lose the cash on the chargeback.