Earlier quoted context omitted.
Here, it is legally mandated that cab drivers use the company-provided credit card machine to process all credit card transactions. The company takes 7% of all such transactions. Yes that percentage is ridiculously high, but it is mandatory per regulation. It is unacceptable for drivers to personally process credit card transactions, whereby they retain access to the credit card number. Forget the underhanded fraud t…
What credit card do you have that you're responsible for unauthurized charges?
What percentage of the population do you think scrutinizes every credit card statement line-by-line? Many people would not notice an unauthorized charge on their card. It's merely a matter of scale: some people will notice a single unauthorized charge for $5, while others won't even notice $500. Credit card fraud is rampant, and any company that willingly allows its employees to get away with it should be shut down. My experience shows that my city's taxi companies consider credit card fraud as something that doesn't even register on their radar. Drivers that operate in this manner should be criminally charged. It's not just fraud to the taxi company - it is a criminal act of theft for the customers.