EFT in the United States

EFT in the United States

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This procedure, however, neutralizes the security purpose of the PIN and permits a thief easy access to the account whenever the card is obtained. ... It has worked well for credit cardsa€”a€”encouraging protection of the card and relieving anxiety over major losses with far less litigation ... First, the EFT cardholder who suffers a loss in excess of $50 from unauthorized use of his card would probably lose $50 anbsp;...

Title:EFT in the United States
Author:National Commission on Electronic Fund Transfers
Publisher: - 1977


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