@Anonymous wrote:
@CreditMagic7 wrote:
@ScoreOrBeScored wrote:@Anonymous @ Old Wise One....
lets see how LTL would feel if this happened to their own bank account and was told, sure we will
give you your money back as this is fraud , BUT not until the 8-12 week investigation is complete.
Im sure you wouldn't be happy, just like Baller and the rest........ It's not their $ but still feel violated
to some extent.
Definitely is something that DEMANDS serious attention and NEVER to be taken so lightly whatsoever.
This is just another example from a constant long string of similar occurances while not just exclusive to Chase alone by any stretch, DOES indicate compelling evidence but that an intrusion of some fashion IS BEEN AND IS STILL VERY ACTIVE within their systems.
In other words, a no-brainer. If you have a Chase card you can pretty well expect that there are odds on favorite that at some point (unless corrected) your card numbers are of a much higher percentage more vulnerable then their competitors at present.
This is reasonable because Chase has the most cards in circulation, thus odds would say this, but not for the reasons you infer.
Try to think of how many hops are involved in a transaction. You go from a swipe at a store (or restaurant, etc.), it hits a payment gateway processor, processor submits athorization to the credit card network, credit card network submits to the issuer, the issuer approves (or declines), credit card network response goes back to the bank, bank then back to store, store accepts response, and you get what I am getting at.
Yes, this is frustrating and the same charge on multiple accounts warrants a different perspective, but in the end we all use CC's so we are not liable and you don't temporarily lose checking accounts funds (debit card use).
I think a different situation occurs when the card has never been used anywhere, and is a new card, but is already compromised. It happened to a few of us via Chase, so that is one reason I think CreditMagic7 is making the point, which is a good one. Then when you have a number of Chase-only cards being compromised on the same day to the same vendor, but we are all in different locations, it makes it look as if there is an internal Chase issue, since Chase is the common thread. There is more going on here than just a merchant breach. 
@Anonymous wrote:
@Anonymous wrote:
@CreditMagic7 wrote:
@ScoreOrBeScored wrote:@Anonymous @ Old Wise One....
lets see how LTL would feel if this happened to their own bank account and was told, sure we will
give you your money back as this is fraud , BUT not until the 8-12 week investigation is complete.
Im sure you wouldn't be happy, just like Baller and the rest........ It's not their $ but still feel violated
to some extent.
Definitely is something that DEMANDS serious attention and NEVER to be taken so lightly whatsoever.
This is just another example from a constant long string of similar occurances while not just exclusive to Chase alone by any stretch, DOES indicate compelling evidence but that an intrusion of some fashion IS BEEN AND IS STILL VERY ACTIVE within their systems.
In other words, a no-brainer. If you have a Chase card you can pretty well expect that there are odds on favorite that at some point (unless corrected) your card numbers are of a much higher percentage more vulnerable then their competitors at present.
This is reasonable because Chase has the most cards in circulation, thus odds would say this, but not for the reasons you infer.
Try to think of how many hops are involved in a transaction. You go from a swipe at a store (or restaurant, etc.), it hits a payment gateway processor, processor submits athorization to the credit card network, credit card network submits to the issuer, the issuer approves (or declines), credit card network response goes back to the bank, bank then back to store, store accepts response, and you get what I am getting at.
Yes, this is frustrating and the same charge on multiple accounts warrants a different perspective, but in the end we all use CC's so we are not liable and you don't temporarily lose checking accounts funds (debit card use).
I think a different situation occurs when the card has never been used anywhere, and is a new card, but is already compromised. It happened to a few of us via Chase, so that is one reason I think CreditMagic7 is making the point. Then when you have a number of Chase-only cards being compromised on the same day to the same vendor, but we are all in differnet locations, it makes it look as if there is an internal Chase issue. There is more going on here than just a merchant breach.
As I said I do agree it warrants a different look based on that data point. I get frustrated when so many folks 99.9% immediately default to it can ONLY be the issuer without considering how many entry points there are.
@Anonymous wrote:
@CreditMagic7 wrote:
@ScoreOrBeScored wrote:@Anonymous @ Old Wise One....
lets see how LTL would feel if this happened to their own bank account and was told, sure we will
give you your money back as this is fraud , BUT not until the 8-12 week investigation is complete.
Im sure you wouldn't be happy, just like Baller and the rest........ It's not their $ but still feel violated
to some extent.
Definitely is something that DEMANDS serious attention and NEVER to be taken so lightly whatsoever.
This is just another example from a constant long string of similar occurances while not just exclusive to Chase alone by any stretch, DOES indicate compelling evidence but that an intrusion of some fashion IS BEEN AND IS STILL VERY ACTIVE within their systems.
In other words, a no-brainer. If you have a Chase card you can pretty well expect that there are odds on favorite that at some point (unless corrected) your card numbers are of a much higher percentage more vulnerable then their competitors at present.
This is reasonable because Chase has the most cards in circulation, thus odds would say this, but not for the reasons you infer.
Try to think of how many hops are involved in a transaction. You go from a swipe at a store (or restaurant, etc.), it hits a payment gateway processor, processor submits athorization to the credit card network, credit card network submits to the issuer, the issuer approves (or declines), credit card network response goes back to the bank, bank then back to store, store accepts response, and you get what I am getting at.
Yes, this is frustrating and the same charge on multiple accounts warrants a different perspective, but in the end we all use CC's so we are not liable and you don't temporarily lose checking accounts funds (debit card use).
Citi usually has the most cards in circulation.
Interesting data elim! Thanks for sharing!
@elim wrote:
Citi usually has the most cards in circulation.
@humuhumunukunukuapua'a wrote:
Nice job, elim! I love learning things on this forum
@Anonymous wrote:
@elim wrote:
Citi usually has the most cards in circulation.
@humuhumunukunukuapua'a wrote:
Nice job, elim! I love learning things on this forum
I stole it from another poster but can't remember who, I definately should'nt get the credit for it.