Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: utzoo!utgpu!water!watmath!clyde!rutgers!mcnc!xanth!jim From: jim@xanth.UUCP Newsgroups: sci.crypt Subject: Re: Footnote to discussion of cameras in ATMs Message-ID: <3634@xanth.cs.odu.edu> Date: Sat, 5-Dec-87 07:55:09 EST Article-I.D.: xanth.3634 Posted: Sat Dec 5 07:55:09 1987 Date-Received: Thu, 10-Dec-87 03:50:47 EST References: <5560@jade.BERKELEY.EDU> <6252@sunybcs.UUCP> <284@caus-dp.UUCP> <753@auscso.UUCP> <6140@jade.BERKELEY.EDU> Reply-To: jim@xanth.UUCP (Jim Duncan) Organization: Old Dominion University, Norfolk Va. Lines: 31 In article <6140@jade.BERKELEY.EDU> jmm@thoth8.berkeley.edu.BERKELEY.EDU () writes: >For credit cards, you are only responsible for the first $50 that someone >who steals your card charges. From my "Visa(r) account agreement:" > > If you discover or suspect that the Card or any unused checks are lost >or stolen, ...... > ...... Your liability for >unauthorized use occurring before you notify us is limited to $50. > >I was under the impression that this was required by law, and that >this law also applies to ATM cards. > >James Moore ...!ucbvax!leggatt!jmm No! This is *not* the case! In many situations, ATM cards are considered (and implemented as) debit cards, not credit cards, and as such they are *not* necessarily protected by the fifty dollar limit of liability. Some states have addressed this problem, and implemented statutes to protect the ATM card holder against unauthorized use of his|her account. Many banks have voluntarily adopted policies which protect their customers. The ATM user is hereby warned to read the fine print on the agreement -- my bank *does* protect me with the fifty dollar limit *if* I am prompt in reporting the loss of the card, but there is no guarantee that all banks would do so. -- Jim Duncan, Computer Science Dept, Old Dominion Univ, Norfolk VA 23529-0162 (804)440-3915 INET: jim@xanth.cs.odu.edu UUCP: ...!sun!xanth!jim ---------- Time flies like the wind, but fruit flies like bananas. ---------