cryptography  

Re: not crypto, but fraud detection + additional

dan
Tue, 27 May 2008 08:14:06 -0700

Allen writes:
-+-----------
 | I don't know what the policy is in Ireland, but here in the USA 
 | there is no stop loss on debit cards so the banks are not 
 | obligated to make good on fraudulent withdrawals. <snip>

There is also a legal distinction between a personal
credit card and a corporate card in terms of the 
regulated upper bound on the losses due to a stolen
card and fraudulent charges on it, though the credit
companies tend never to stand on their right to not
rescind fraudulent charges on non-personal cards.

Factoid: Had the $50 stop-loss limit been indexed for
inflation, then it would today be $300.  (1968-present)

--dan


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