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 cardsaaencouraging 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|