Credit card fraud is rampant in the Obama campaign, and it’s been verified.

In a nutshell: apparently, the Obama campaign disabled security checks that verify the name and address of a card-holder, when donating money. So it’s possible to donate money using a real card, but a fake name and address.

Quite a few people have reported that they’ve tested the system and confirmed that this is happening. I’m a little skeptical, because I’m not aware of any online payment gateways that would allow a web site to disable security checks for name and address, but I’m not certain that it isn’t possible. Any LGF readers with experience in online payment systems are invited to chime in.

UPDATE at 10/23/08 12:45:23 pm:

Ace has more: Obama Campaign Finance Fraud Gains Traction.

UPDATE at 10/23/08 12:46:01 pm:

And more at Powerline: Power Line – Who is John Galt?

UPDATE at 10/23/08 12:57:45 pm:

Several LGF readers have now confirmed that it is indeed possible to configure an online payment gateway to ignore names and addresses. Most businesses don’t do it, because they would forfeit the ability to dispute charge-backs — but that’s apparently not an issue to the Obama campaign.

(Hat tip: The LGF Cult Leader)