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Artificially created for us. There are many smarter ways this could have been managed, the issue of theft at gas stations, supposedly why this hold is used on credit card purchases. But this rises to the level of fraud, because many consumers will have no idea it's being done, whether they have any problems with their accounts or not. If they DO notice it, it will be when it bites them.
It's easy to see it hurts the consumer FAR more than the occasional theft hurts gas stations and banks. How much does a tank full of gas cost them, as opposed to vast number of legal purchases...do we really believe on here that gas stations aren't doing well, with the rise in gas prices, and the mega business it's bringing in?? One or two tanks here and there, I don't belive it costs them enough to warrent anythign CLOSE to a $100 hold on every gas purchase. It's insane. It's draconian.
It was a forgone conclusion that this practice would have a more harmful effect on consumers, many of whom will be taken by surprise by this change, than the added risk of theft . One by one, people will be slammed. There will be NOTHING they can do.
And that is what this is all about. There will be nothing "they" can do.
While the banks make bank.
A problem? More like an artfully illogical solution, typical of the BushCo agenda.
Because who does it hurt? Again? Always? The little guy.
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