Thursday, October 30, 2008

Broken Promises, Fraud, Harassment

And he doesn't even have the job yet. What's to come?

Team Obama deliberately avoided credit-card security checks

Barack Obama claims to champion the consumers of America. This demonstrates worse than just callous disregard of financial security; it looks like a deliberate attempt to allow people to empty unsuspecting consumers of their savings and credit. The checks involving security codes and address verification were put in place years ago by the credit-card companies to protect their customers from having their accounts hijacked by thieves.

There is only one reason to deliberately choose to bypass those security processes, and that’s to facilitate fraud. Team Obama claims that they vet the donations after the fact, but that’s hogwash. It costs far more to do that than to screen for security codes and address verification up front, and everyone knows it. Obama counts on the fact that most of the fraud will fly under the radar of its victims, and the only cost they’ll incur is when they have to process refunds after getting a specific complaint.

This is a key, revelatory moment about Obama and his team. They have deliberately chosen to make it easier for people to defraud the public so that they can ring up millions more in a campaign that has already broken records for fundraising. It’s unethical, dishonest, and dangerous — especially since these will be the same people with their hands on tax records if Obama wins this election.

Credit-card experts explain the extent of Obama’s deception

The value of the AVS system is to deny Card Not Present transactions (CNP) which are suspicious. This protects the merchant against charge backs for bad transactions. What is interesting to me is that the merchant acquirer has knowingly violated a basic CNP fraud prevention technique to accommodate a merchant (Obama Campaign). I think that both the Associations (VISA & MasterCard) would be highly interested in looking at the merchant acquirer that was processing these transactions. The value of ignoring the AVS responses is that multiple invalid transactions may be made without fear of being rejected by the authorization systems. This means that the real owner of the credit card account is willing to allow multiple transactions to be made on the account using different names and addresses that under normal conditions would be denied. The merchant acquirer has a complete listing of all transactions done and it would be very interesting to see how many transactions were conducted on the same account number using different names. I would think that this would be a Federal violation under the current campaign funding laws.

Not to mention: Checks on 'Joe' more extensive than first acknowledged

Obama's campaign is one big lie on top of another lie, on top of a whole mess of lies. That he cares anything about the middle class is one of them, we are about to get royally screwed.

Ask Joe how it feels.

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