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Chip & PIN FRAUD - WARNING TO ALL
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James
Posts: 2,059 Forumite
in Credit cards
Todays Times:
Fight back against refusal to pay out on Chip & PIN fraud claims.
Victims of chip-and-PIN fraud who are unable to recover their money have been urged to consider legal action against their banks.
The FOS handles about 50 cases of disputed chip-and-PIN transactions every week.
“In many cases, the issue of ‘reasonable care’ of a PIN becomes the consumer’s word against the bank’s.
Article click here:
Money Saving Tip: If you've got a Credit Card change it to Chip & Signature
Fight back against refusal to pay out on Chip & PIN fraud claims.
Victims of chip-and-PIN fraud who are unable to recover their money have been urged to consider legal action against their banks.
The FOS handles about 50 cases of disputed chip-and-PIN transactions every week.
“In many cases, the issue of ‘reasonable care’ of a PIN becomes the consumer’s word against the bank’s.
Article click here:
Money Saving Tip: If you've got a Credit Card change it to Chip & Signature
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Comments
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If you have a credit card, your liability is limited to £50 by the Consumer Credit Act. This is most pertinent to debit cards.0
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If you have a credit card, your liability is limited to £50 by the Consumer Credit Act. This is most pertinent to debit cards.
You're right - but there are examples in the media of victims of Credit Card and PIN fraud being hung out to dry.
As the article in the Times states, it can take a considerable amout of time for a PIN dispute to be resolved.
I warned about victms being treated as 'suspects quite a few years ago.
Chip and Signature (C&S) Cards do make sense if you don't want to chance falling foul of PIN based fraud and the hassel it can cause you. C&S cards also prevent card cloners hitting ATM's.0
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