Fraudsters must love the flawed card system

They aren't even really fraudsters in the old-fashioned sense of the word, more like FLAWDSTERS.
Yet another flaw uncovered in the card based transaction system? Why am I not surprised? 

Here's a deal for you, I'll prevent it all (for all UK banks) and even the card present fraud for the token sum of £145 million and I'll indemnify all users of our system against any fraud losses.

Don't you think its about time to sort it all out in one go?

I know its difficult to let go of the card, and you can even keep it, but if you must use an antique transaction system why not fortify it with a little mobile authentication. We know you want to. You all have mobiles.

I suppose there's a chances of that 37% rise to £290.5 million going down by itself?

It's time to call in the experts. At my rate the industry (the merchants and consumers) are heading towards £400 million in CNP losses alone next year.

Way to go banks, just keep on undermining that digital trust and Web 2.0 will end up with half your transactions, and Web 3.0 will take them all. 

I suggest you seriously consider the best opportunity you are ever going to get and take the offer. It isn't going to get any better, except for those of your customers (merchants and consumers) who switch to the coming alternatives.

By all means prove me wrong. See my smile.