Does nobody care about credit card fraud?

[fescuerescue]

2. No they don't

CC companies lump it in as the cost of doing business and pass that cost onto us as interest expenses.

Ever wonder why CC have the highest APR of any loan product except payday loans? This is why.

Furthermore, they feel that if they put pressure on the merchants to scrutinize every sale, it will discourage far more business than is lost in fraud.

Also - it's quite difficult to prosecute. You pretty much have to catch them red handed with the card and the item.

The cops are to busy writing speeding tickets that net $2000 an hour, than to spend a month catching a CC thief who will get fined $500