Quote:
Originally Posted by Hal :-)
You may need to worry about this for Debit cards but not Credit Cards. The banks have a very different view on security than we do. They do their analysis and determine the value of getting more cards in use vs the fraud potential. As long as the results are positive on the revenue side they'll run with it. The basic credit card with 16 numbers, a name and expiration date obviously isn't particularly secure. Signature was never any security. Have you noticed how you can now walk out without even signing under $50 sometimes. It's unfortunate because we all pay for the fraud, but as long as enough pay the confiscatory interest rates and the fees continue to come in, it will continue. The good news is you're never liable for more than $50, and even that's rare because they don't want any attention given to the issue.
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Okay, so we can just ignore this "threat" unless it is for a Debit card. Really?