Charge backs and Merchant Injustice from fraud

Protect our Merchants from Fraud
Change the government requirements for credit issuance today!
As a person who speaks to this subject with actual experience there is a
serious problem with our credit system. The most notable thing here is
that the credit card transaction processing companies actually make more
on the charge back than they do on the valid transaction...

Credit Card Companies make out like bandits

Here's how they do it:

1. Fraudsters make a purchase
2. Processors say "transaction ok" and takes percentage of transaction (2-4%)
3. Merchants see verification and think its valid so they send the product
4. Fraudsters drive to the invalid location and picks up package
5. Original card holder finds erroneous charges on their card or credit history and calls the bank
and indicating fraud occurred
6. The charge back is issued to merchant
7. The merchant tries to prove the sale was made correctly and freight packages signatures were completed by the
shipper at the receiving location (if the card holder's name is not on the card bingo) charge back is pushed to the
merchant as validated fraud.
8. Merchant's account is deducted the original purchase price including a approx $20 charge back charge.
The credit card company keeps the original 2-4% of the charge plus the $20 bucks. Yay!
Merchants.... Get your local governments engaged and acting on this today!