One way debit cards can *limit* your losses if the data is stolen - Credit cards /typically/ have a significant amount of credit available. It's not easy to get a credit card and keep only $50 balance available on it as a damage limiter.
But with a debit card, you can keep an account with a minimal balance, moving money into the account as you need to spend it online. This way, a stolen card number will only allow theft of the small amount in credit. Ex: Bought (awful!) coffee yesterday at a roadside diner this weekend; EFTPOS swipe was behind the pie warmer. Plenty of time for the teller to lift card details. Ridiculously easy for credit cards to be abused via CNP fraud. On Fri, Aug 27, 2010 at 10:06 PM, Harvey Kane <[email protected]> wrote: > On 27/08/2010 9:22 p.m., Michael Adams wrote: > >> >> Sorry to change topic, but you have got my curiosity aroused with this >> sideways at debit cards. Why-so? >> > -- NZ PHP Users Group: http://groups.google.com/group/nzphpug To post, send email to [email protected] To unsubscribe, send email to [email protected]
