[ale] OT: I AM paranoid!

[James P. Kinney III]

On Thu, 2003-10-09 at 22:25, Jeff Hubbs wrote:
> For one thing, NEVER use a debit card for these kinds of remote
> transactions!  You have FAR fewer protections associated with debit
> cards than credit card carriers give.  
> 
> - Jeff
<GONG!!> <BZZT!>
Sorry. Wrong answer. Debit cards have the exact same protections as
credit cards. Because they use the same data transfer mechanism as a
credit card AND they carry the Visa/Mastercard logo to indicate the who
processes the transaction, they are covered under the same fraud
prevention technologies and $50 limit that credit cards have.

That said, there are some bank cards that are debit cards that are not
part of the Visa/Mastercard system that do not carry those protection
limits. Those cards can't be used as a credit card when a business
doesn't support the debit card feature. If that gets compromised, the
card holder is screwed completely to the wall (floor, ceiling, door
frame). Those cards are generally handed out at the smaller banks to
lower income customers who don't qualify for a credit card. 
-- 
James P. Kinney III          \Changing the mobile computing world/
CEO & Director of Engineering \          one Linux user         /
Local Net Solutions,LLC        \           at a time.          /
770-493-8244                    \.___________________________./
http://www.localnetsolutions.com

GPG ID: 829C6CA7 James P. Kinney III (M.S. Physics)
<jkinney at localnetsolutions.com>
Fingerprint = 3C9E 6366 54FC A3FE BA4D 0659 6190 ADC3 829C 6CA7
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