[4thwaywastrel]

I ran a mobile payments app for years that buckled under the weight of machiavellian people constantly trying to find ways to cheat the system.

The problem isn't just the existence of scammers imho, the problem is that the two players with the most power to prevent fraud: The Bank, and The customers are incorrectly incentivised. The Bank doesn't care because it can foist responsibility onto the people moving the money from A to B (eg, Stripe, who then has to pass it onto the merchant) and the customer doesn't care because the bank uses its power to make sure the customer doesn't have to pay the consequences for being unsafe with their credit card information.

Until either the bank gets tougher on fraudulent activity (being more proactive about investigating accounts fraudulent payments went to, punishing customers for being loose with their credit cards, etc) or we can implement some kind of two-factor process inherent to the whole credit card system nothing will change.