[ale] OT: Security code on Credit/Debit cards

[Scott Castaline]

On 02/20/2010 08:40 AM, Jim Philips wrote:

>
> You can learn more at:
>
> https://www.revolutionmoneyexchange.com/
>
> <https://www.revolutionmoneyexchange.com/> I don't know if they are
> running credit checks before opening accounts. So far, I have found that
> Publix, CVS, Whole Foods and Macy's accept the card. They see it like a
> debit card and you just enter your PIN.
>
>
According to their FAQs, and I quote via cut & paste:

" Q. Is the MoneyExchange Card a credit card? Was my credit report 
pulled without my knowledge?

A. No, the MoneyExchange Card is not a credit card. It's another safe 
and convenient way to access the available funds in your MoneyExchange 
account. As this is not a credit card, we have not pulled a credit 
report or contacted any credit rating agency in order to provide you 
with this Card. "

As far as getting cash from the card they only mention using ATMs, do 
you know if you can get "cash back" over the purchase amount? We do that 
with our existing MC/VISA Debit cards at like Publix, Krogers, Wal-Mart, 
and Walgreens. They allow upto I believe either $40 or $50 over purchase.

Also as far as fraud goes, it's the same as a regular bank card like my 
ING Direct or SunTrust. As long as you notify them within 2 - 3 business 
days you will only be held responsible for $50. And again I quote via 
cut & paste from the FAQs:

Please be aware that you may be liable for unauthorized use of your 
Account. You will not be liable for unauthorized use that occurs after 
you notify us, orally or in writing, of the loss, theft, or possible 
unauthorized use. If you tell us within 2-3 business days after you 
learn of the unauthorized use, you can lose no more than fifty dollars 
($50) if someone used your Account without your permission. If you do 
NOT tell us within 2 business days after you learn of the unauthorized 
use, and we can prove we could have stopped someone from using your 
Account without your permission if you had told us, you could lose as 
much as five hundred dollars ($500).

It does look promising as a possible alternative, I like the fact that 
your name or any other identifying data is on the card. On my other 
cards my name appears and anyone can google it and find all sorts of 
info on me as well as whitepages.com reveals my address and phone # then 
it's easy to get the zip-code unless that is also listed there too.



>
> _______________________________________________
> Ale mailing list
> Ale at ale.org
> http://mail.ale.org/mailman/listinfo/ale
> See JOBS, ANNOUNCE and SCHOOLS lists at
> http://mail.ale.org/mailman/listinfo