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THREAD of the WEEK
Stolen Debit Card,Reg E, and Signature Transactions
Customer gave debit card to daughter to use. Debit card was stolen from her. Thief then used stolen cards to purchase merchandise, using SIGNATURE-BASED purchase. I know that if these were pin-based transactions, we would be out the money, as the customer reports the transactions as unauthorized. But does it make a difference if the transactions were signature-based?
Read and weigh in with some helpful information on
Stolen Debit Card in the Operations Compliance Forum.