Debit cards popular but lack credit’s consumer protection


Did you know? #MasterCard and #Visa’s #zero #liability #policies are limited to transactions in which #customers sign for their #purchases. When card holders use a #PIN instead of their #signature, the #transactions don’t go through Visa or MasterCard’s networks and are subject to the liability policies of the #financial #institutions that issued the #card. The only #exception are transactions conducted within Visa’s proprietary PIN #network.


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