Out of curiosity... do you have a degree? I wonder if the businesses owner's background has any influence on the decision. "School is a place where former A students teach mostly B students to work for C students"
I work for a merchant also... high volume low ticket. My thought is: Since most of our customer transactions (swipes) occur without any cashier involvement - how would V/MC know that the "real" card wasn't present?
Where would you draw the line? Why not simply monitor and track everyone everywhere all the time because hey they if they did something wrong then you'd be good to go with the proof... and we all know if you don't do anything criminal you don't have anything to hide...
Wow - after reading the comments on this thread I have to say that I am thoroughly disappointed in the HN community. If you replaced the word math(ematics) with a religion of your choice you'd see the same kind of fanaticism you often see from religious zealots.
The God of math has spoken: obey, conform or be cast out...There is nothing other than Me. All other gods require Me to make them whole - in fact you can't even think without Me... Now go forth and preach my wisdom because there is no other wisdom other than Me.