True, but that possibility is occuring right now with each processed transaction. As far the third party insurance, however that would work, they sure as heck arent doing it for free. MYEC would eat that cost and thensome, so why bring a middleman in for that part of the process when MYEC can get business insurance directly from a provider if they so choose....but given their nonexistant fraud thusfar theyd be better off self insuring like some businesses do....otherwise its money down the drain. Even the VISAs of the world write off huge amounts of their fraud chargebacks because its not worth it to pursue for scraps.
But they do house their stuff at QTS, so in a sense they do have a third party already involved in that process. Id assume the app developers are working out of their rented space at the QTS site, and they and Ed update each other on the particulars, with the devlopers importing any specialized materials and linking them up. Jmo of course.
But from what I gather MYEC never handles the money, so they wouldnt be liable for account theft. Any stolen money would be coming directly out of a bank account, as MYECs transactions are instant, so the banks would be liable id think.....besides, if a crook tried moving money through myec after hacking in to the accounts mainframe thered be a paper trail of where the money was sent in real time. Is anyone that stupid to risk having the heat on your azz in potentially minutes if someone catches it right away??
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