[deleted]
Tell HN: Automatic fraud detection is making my life hell
111–120 of 406 posts
Re: Tell HN: Automatic fraud detection is making my life hell
#112This sort of thing is where I hope Bitcoin can help more people.
> This sort of thing is where I hope Bitcoin can help more people. It is a use for a Bitcoin like system (The transaction costs, planet destroying character, and slow speed probably not Bitcoin) It is the intersection of money laundering and normal requirements Stopping crime by stopping money laundering will always have these problems, surely? Is there a way to inhibit CC fraud, and money laundering without making l…
> Stopping crime by stopping money laundering will always have these problems, surely?
Yes.
Money laundering detection inescapably relies on private actors making a pre-prosecution estimate of whether money was earned illegitimately.
Private actors have much less information available to them than real law public sector enforcement.
And even with full information, trials cannot be predicted deterministically so there will always a gap those publicly deemed guilty and those privately deemed guilty.
Those in later category will suffer unjust financial hardship.
Re: Tell HN: Automatic fraud detection is making my life hell
#113I have such immense disdain for Capital One and MasterCard for how they implement 3DS.
I have been in Germany for 6 weeks. I have spent thousands of dollars between flights, train tickets, and hotels. Guess what I have to do every, single, time I buy a 3EUR train ticket? Receive an SMS on my American cellphone number.
Their "solution" is to have a family member in the US add their number to my account, wake up in the middle of the night and relay TOTP codes to me. FOR A 3EUR TRAIN TICKET. Multiple times a day. From the same damn train company.
I'm willing to pay $1000 yearly fee for a competent credit card company that sends me TOTPs over Email (just like they send me charges [but of course, not refunds/canceled-authorizations]). Or let's me use a Security Key.
The funny thing is, they happily text these codes to VOIP SMS numbers, which I can (and do) route to my email anyway.
It's abusrd that my Xbox account is both more secure and less annoying to use than my credit card. Again, for a 3EUR train ticket. I feel like we're slowly entering this dystopia Kafque-esk nightmare, and yet, as always, there's people in the comments here insisting this is fine, or that I deserve it.
I'm going to assume the people saying "use cash" have never set foot into the real world. Yes, let me put cash into the non-existent train ticket machines, or to the non-existent train attendants. In the 3 minutes I have before my train comes.
Re: Tell HN: Automatic fraud detection is making my life hell
#114Earlier quoted context omitted.
Your comment takes an (unfair IMO) position that it somehow matters what country the OP was in. It's not like the auth systems are designed for higher scrutiny in specific countries. There is more than one way to confirm identity, but somehow BigTech and Co keep assuming a happy path environment for you. Case in point: my US bank insists on sending an OTP to my US number (and US number alone) for any transaction, mak…
> sending an OTP to my US number (and US number alone) for any transaction, making it impossible for me to move money when abroad Strictly speaking it doesn't make it impossible. You have made a choice not to pay roaming fees while using your USA number while abroad.
SMS on roaming can be a hit or miss. I travel internationally every year and I am always worried that some SMSs wont reach and it happens from time to time. I especially hate those product/services that only do SMS based 2FA.
Re: Tell HN: Automatic fraud detection is making my life hell
#115Earlier quoted context omitted.
1- The issue is rarely from the debit card it's always accepted, most of the times the payment will be cancelled from the service provider side 2- It's not technically non-Indian account, I'm opening accounts using valid Indian mobile number (tied to my visa and a real address), I always disclose that I'm not Indian when needed. 3- I was even trying to open Indian bank account to transfer money but no success so far…
Ah sorry, it was hard to understand what types of transactions you were talking about. Yes, the reality is that when you try to live in a foreign country and do non-touristy "resident" things like buy things online or pay bills, but when you don't actually have a work visa that allows you to open a local bank account -- the systems aren't built for that. And local merchants really do put themselves at the risk of sca…
> because you don't pay the hospital large amount ahead, and when it's time there's not enough time to wire the money.
This was their justification against wire transfers. Obviously I don't know how the accounts receivable department works in Indian hospitals because I've never been to India let alone a hospital there, but this strikes me as unusual. A couple days delay to pay large sums of money seems more than reasonable.
Re: Tell HN: Automatic fraud detection is making my life hell
#116I have such immense disdain for Capital One and MasterCard for how they implement 3DS. I have been in Germany for 6 weeks. I have spent thousands of dollars between flights, train tickets, and hotels. Guess what I have to do every, single, time I buy a 3EUR train ticket? Receive an SMS on my American cellphone number. Their "solution" is to have a family member in the US add their number to my account, wake up in the…
wise.com is pretty good for international card stuff. You send them a bit of money and they send you a card etc.
Re: Tell HN: Automatic fraud detection is making my life hell
#117I have such immense disdain for Capital One and MasterCard for how they implement 3DS. I have been in Germany for 6 weeks. I have spent thousands of dollars between flights, train tickets, and hotels. Guess what I have to do every, single, time I buy a 3EUR train ticket? Receive an SMS on my American cellphone number. Their "solution" is to have a family member in the US add their number to my account, wake up in the…
Not the same (it’s a debit card), but when Schwab locked my debit card after I tried to buy a transport pass in Poland, a quick phone call got me a human who apologized, put a travel alert on my account, and gave me $50 for the inconvenience.
As for C1, they updated the app while I was in Ukraine, and it wouldn’t even let me log in; I had to use a VPN.
Re: Tell HN: Automatic fraud detection is making my life hell
#118I have such immense disdain for Capital One and MasterCard for how they implement 3DS. I have been in Germany for 6 weeks. I have spent thousands of dollars between flights, train tickets, and hotels. Guess what I have to do every, single, time I buy a 3EUR train ticket? Receive an SMS on my American cellphone number. Their "solution" is to have a family member in the US add their number to my account, wake up in the…
it’s not mastercard but your bank. there are plenty of banks which implement mastercards 3ds via app (eg N26).
Re: Tell HN: Automatic fraud detection is making my life hell
#119I got an Apple Card, tried buying NextDNS with it, it declined for fraud detection 9 times over a few weeks(and I manually and immediately approved the transaction after each one and also called them around the 4th time). I asked Goldman sacks , they said NextDNS is not ESG enough or some such trash.
Yeah, I think we should be worried.
Re: Tell HN: Automatic fraud detection is making my life hell
#120This sort of thing is where I hope Bitcoin can help more people.
> This sort of thing is where I hope Bitcoin can help more people. It is a use for a Bitcoin like system (The transaction costs, planet destroying character, and slow speed probably not Bitcoin) It is the intersection of money laundering and normal requirements Stopping crime by stopping money laundering will always have these problems, surely? Is there a way to inhibit CC fraud, and money laundering without making l…
> Is there a way to inhibit CC fraud, and money laundering without making life difficult for people who are in the tails of the distributions?
Yes. Have better customer support and actually fix issues when they happen.
This ends up costing someone money.