Re:Secret Service Warns of Chip Card Scheme
by eterm on Thursday April 05, 2018 @06:43PM
(#16769444)
But in the UK banks still cover fraudulent transactions at no cost to the consumer.
[ Parent
| on HN ]
Perhaps after the outrage they changed. I remember the articles clearly.
Not the banks, the vendors. Itβs a great coup that banks have convinced customers they cover credit card fraud when really visa/MasterCard go and take the money back from the seller.
Re:Secret Service Warns of Chip Card Scheme
by celticninja on Friday April 06, 2018 @04:02AM
(#16771709)
That's with credit cards which are owned and run by VISA/MasterCard. If your debit card is used to take money from your bank, then the bank pays.