[ale] OT: I AM paranoid!

[Geoffrey]

I believe you are not correct.  When you use it as a Visa card, (no pin 
entry, usually), it goes through the Visa network.  When you use it as a 
debit card, it does not go through the Visa network, that's why debits 
show up faster on your statement.  Further, this is why Walmart and 
other companies want you to use it as a debit card, because when you use 
it as a Visa card, they have to pay the Visa charges associated with the 
transaction.

I picked this up from Clark Howard a while back, so it's got to be true. ;)

James P. Kinney III wrote:
> 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. 
> 
> 
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-- 
Until later, Geoffrey	esoteric at 3times25.net

Building secure systems inspite of Microsoft