Rev, I think you're being unduly pessimistic, here. No, it is not a magic bullet, nor is it wholly practical. Yes, there are gaping holes in it, and even reasonably clever spammers -- not the geniuses, just the everymen -- are going to be able to roll on to a different bank and start over again.
The question is not whether this is a full solution. The question is, is it worth implementing regardless?
I don't have the answer to that, but I don't think it should be dismissed. If the cost of shutting down, or at least inconveniencing, the payment processors is less than what could be regained by slackening the spam flow, then I'd say it's worth the effort.
--sofaspud
--"Listening to your kid is the audio equivalent of a Salvador Dali painting, Spud." --OpMegs
The question is not whether this is a full solution. The question is, is it worth implementing regardless?
I don't have the answer to that, but I don't think it should be dismissed. If the cost of shutting down, or at least inconveniencing, the payment processors is less than what could be regained by slackening the spam flow, then I'd say it's worth the effort.
--sofaspud
--"Listening to your kid is the audio equivalent of a Salvador Dali painting, Spud." --OpMegs