At 12:49 PM +0200 6/27/02, Tobias Giesen wrote: >Dennis: > > The banking lobby has been successful in stopping all laws >designed to protect customers from >fraudulent electronic >withdrawals from their checking accounts. > >In Germany, you simply go to the bank and cancel the unauthorized >transaction, saying that it is indeed unauthorized and that's it. >However you have to do this within a certain period of time after >the transaction, I think it is six weeks or so. But you don't have >to prove your case, you simply order your bank to cancel it and >that's it.
This is the way it should work. I wish the US had enough politicians with the back-bone to enact laws like this. Identity theft and electronic fraud are rampant in this country and the financial institutions would like to absolve themselves of all responsibility for doing transactional security and analysis and make the customer responsible for all of the financial loss. Best wishes, -=-Dennis -- _______________________________________________ Finale mailing list [EMAIL PROTECTED] http://mail.shsu.edu/mailman/listinfo/finale
