And there you have it. Most people don’t understand security. The business can say they are MVP and “secure enough”.
It's my impression that consumer payment systems operate on a good-enough principle. Being fraud-proof is not the goal, the goal is not to spend more on security than you are preventing in fraud.
The same principles often come into play with online games and cheating, yet constantly developers make the same mistakes.
I'm guessing the reason they're doing a stored value system is because the per transaction part of the merchant fees is too high for vending machine coffee, getting a larger deposit as one transaction helps a lot with that (although, apparently not enough to hire people who know not to trust clients)
Can you clarify?
It sounds like the responsability for having designed an insecure app is of the people that asked the programmer/sofware house to write it[1]?
[1] and as said very likely paid good money for it ...
>but I'd put this down to "bosses want this out by DATE? Alrighty..."
I've even been a part of some of those projects.