What many people are missing is what is in the fees. Consumer protection and risk mitigation. If you are dealing with "cash" payments, like A2A or crypto, there are no consumer protection. Not even auth and capture flows. These are basic needs in a transactional commerce system, which the card companies provide.
A recent study published in Science Advances reveals that fluoxetine, a commonly prescribed antidepressant, offers protective benefits against sepsis. The research demonstrates that fluoxetine enhances interleukin-10 (IL-10)–dependent metabolic defenses, leading to improved survival rates in sepsis-induced disease models. This protective effect is achieved through multiple mechanisms, including antimicrobial properties and modulation of inflammatory responses. The findings suggest that fluoxetine's anti-inflammatory and metabolic effects could be harnessed as a therapeutic strategy for sepsis.
Sepsis is a life-threatening condition that occurs when the body's response to an infection goes out of control, leading to widespread inflammation, tissue damage, and organ failure. It happens when the immune system, instead of fighting off the infection, starts attacking the body's own tissues.
- void, a refund on authorization
- account verification, used to store a card, without authorization
- card on file, a stored card
- BIN, bank identification number
- POS, a payment in store, physical terminal
- card not present, payment from distance (ecom, moto)
- moto, mail order, telephone order
Help me understand why the consumer protection is not used here?
In order to do card payments the merchant (IGG) need to be able to refund. It they cannot, the acquirer must do so. Anyways, one of the purposes of Visa and MasterCard is protection from these scams. If you don't get 100% of what you bought, you can get refunded by the card issuer, which will collect acquirer/merchant.