2011-12-11

RE: gyp CREDIT CARDS SECURITY - HOW E-Z IS IT FOR THE CROOKS TO STEAL YOUR PASSWORDS - THIS EASY! brasschecktv 11-01-11

Not a problem.  Federal Regulation E protects you from a loss of more than $50 (bank usually forgives even that), if your credit card is stolen (and to an extent, if your Debit card is stolen).  What you don’t want to lose is your debit card, along with your PIN.  Then your bank account could be cleared out, and the bank will give you a really tough time to get your $$ back.  The PIN is not on the magnetic stripe, so they will assume you gave it to the perp. 

 

Eventually all credit cards will have smart chips and/or RFI technology, and the banks (under Reg E) will cover losses, or no one would use their cards…. not a good thing for the banks and processors.

 

Hal

 

Hal Freedman

BCI

Charles Rutenberg Realty

1 Beach Drive SE, Unit 2705

St. Petersburg, FL 33701

727-825-0024

727-692-4713 (Cell)

727-502-0024 (Fax)

 

From: Nigel [mailto:freesense@gmail.com]
Sent: 12/11/2011 3:57 PM
To: ,A POST from Nigel
Cc: ` ORBizen Memo to my blog
Subject: gyp CREDIT CARDS SECURITY - HOW E-Z IS IT FOR THE CROOKS TO STEAL YOUR PASSWORDS - THIS EASY! brasschecktv 11-01-11

 

You need to watch this


Nigel Watson  freethinker  727.493.1990 skype orbizen2
Blog: ORBizen Memo  http://orbizenmemo.blogspot.com/

 

 

 

"There is no greater disaster than greed."Lao-tzu

 "It is no measure of health to be well adjusted to a profoundly sick society.” - Krishnamurti

 

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