Well I see it more as the debit card is the access device, and when they put it as stored information on an ipad, and then give it to the child, they give them access. They can change settings for amazon and apple store to demand password for purchases.
Last edited by Othom; 12/05/14 08:19 PM.
Key Definitions—12 CFR 1005.2
Access device is a card, code, or other means of
access to a consumer’s account or a combination
of these used by the consumer to initiate EFTs.
Access devices include debit cards, personal
identification numbers (PINs), telephone transfer
and telephone bill payment codes, and other
means to initiate an EFT to or from a consumer
account (12 CFR 1005.2(a)(1) and 12 CFR Part
1005, Supp. I, Comment 2(a)-1
I think in extreme cases you could claim unauthorized if the parent wanted to go so far as to file police report.
One customer had his two 4 year old twins ordering toys on amazon. Technology is scary, especially how quick kids are adapting to it.
Giving my two cents, which you can take to the bank, or wait for other's before going.