Europe's $24T Breakup with Visa and Mastercard Has Begun

Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by carlosjobim on Wednesday February 11, 2026 @07:28AM (#46974117)

Would you be able to overdraft with a debit card, though? When I was the victim of card cloning, I discovered it in the supermarket when my card purchase didn't go through due to lack of funds.

When a card is stolen or cloned, it is usually discovered really fast. Either by the victim or by the bank. It's probably in most cases a matter of hours or even minutes.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by aspbee555 on Wednesday February 11, 2026 @01:16PM (#46978634)

yes, it is possible depending on timing (if a card is authorized but captured later in the day or the authorization was less than the capture, this is why gas pumps do auth for $100 and hold that for days till it clears), but the risk is more about expected/scheduled transactions hitting the account before you realize it got drained

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by carlosjobim on Thursday February 12, 2026 @07:35AM (#46988051)

I guess my bank accounts have never had an overdraft function. If there aren't sufficient funds in the account, the debit card transaction/withdrawal gets denied, no matter who is using or misusing the card.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by hermanzegerman on Wednesday February 11, 2026 @07:47PM (#46983456)

Yes

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