Don't you think it's naive to think consumers don't wind up paying for credit card fraud, one way or another? The cost may not be borne by all consumers equally (or proportionally), and you might not be able to put your finger on exactly where the cost is covered, but you can bet merchants aren't just eating it.

>It's your choice if you want to show your ID or not. I prefer not to as part of my identity protection.
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>The merchant pays for the loss.
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>If you have retinal scan, why should you need to show additional ID?
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>>So we should help people use stolen cards by not showing proper identification?
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>>Who then pays for the damages? Some magical being? The government? The bad old bank? MY INTEREST RATE perhaps?
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>>They ought to require fingerprints or take retinal scans along with a picture ID IMHO.