Merchants store your Pin mumber, they are being stolen....You can be liable for the full loss.!!!
What a mess...Check your bank accounts TODAY!
Credit cards give us some security in a theft... But if you are not dilligent you can be liable on your debit account.
The merchants store our Pin numbers...Crimanals are having a Gold Rush type Klondike!!!!
Posts: 10729 | From: oregon | Registered: Feb 2005
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Thats is sure nice just another reason to go through life checking everything two and three times. Which turns a 30 secound purchase into a 1 hr ordeal. And then everybody wonders how you spend your damn time all day.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Merchants store your pin number? Is there any documentation on this?
Posts: 722 | From: Richmond, Va , USA | Registered: Mar 2004
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Yes! Visa is giving the merchants fines right now!
My Banker told me to hit the credit button on the credit/debit machine..Even when using the debit card..Then sign for it, instead of putting in your pin...
Banks are PO'D that this has happened and I was told the memo is in the banks right now, concerning the problem...
Posts: 10729 | From: oregon | Registered: Feb 2005
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This is bad news for merchants because they I do believe not receive as much on the transaction when its billed as a credit card. This is why they ask you credit or debit so much, they want you to use debit.
Mastercard and Visa were in court around a year ago with Wallmart and I think one other large player, Visa settled quickly out of court but Mastercard kept pushing their rates. Almost immediately after the settlement my bank switched to Visa debit cards.
-------------------- Well done is better than well said. Ben Franklin Posts: 718 | From: Bay Area, CA | Registered: Aug 2005
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