In my experience CC Processors rarely covered fraud anyway (at least in the US). Which is one of the reason fraud is so wide spread
Rare is the bank, and/or CC processor on the hook, it is either the consumer or merchant that is left holding the bag, if the Bank and/or CC processor were always on the hook for fraud, fraud would be almost impossible
Same is true for so called "ID Theft" if the bank and/or other lenders where on the hook for that type of fraud "ID Theft" would also be impossible, but since consumers have to clean up their own victimization the banks and lenders just play lip service to fixing it
Rare is the bank, and/or CC processor on the hook, it is either the consumer or merchant that is left holding the bag, if the Bank and/or CC processor were always on the hook for fraud, fraud would be almost impossible
Same is true for so called "ID Theft" if the bank and/or other lenders where on the hook for that type of fraud "ID Theft" would also be impossible, but since consumers have to clean up their own victimization the banks and lenders just play lip service to fixing it