Can we issue debit cards to savings account holders? The account will not be a transactional account. We would only allow pinned transactions on these cards.
One of our customer's debit cards was used as an ATM debit by another family member. Evidently, the customer gave the family member the PIN number for it to work, although the customer said they did not give them permission to use the card. What is our liability?
What are the legal drawbacks for offering debit cards on Business Accounts?
Several of our customer accounts were recently accessed through a fraud scheme where fraudulent debit cards were produced and used to access the accounts. The bank has refunded the customers' money. A recent article on MSNBC implied that banks were not required to refund the money. Can you clarify this issue?
What are the legal drawbacks for offering debit cards on commercial accounts?
Are there any new laws out prohibiting banks from issuing debit cards on business accounts?
Automated teller machines are not the only place touch-screen technology is gaining in popularity - Moneris Solutions, InfoTouch Corporation and Merchant Partners recently joined forces to integrat
We had a customer that used her debit card to rent a moving van. At the time she visited the rental company she had funds in her account. The rental company performed a preauthorization. The company did not submit the actual debit until 2 days later and the customer did not have the funds in her account. This caused an overdraft. Is there a way to return the item or do we have to pay the item and overdraw the account?
What issues may be involved in issuing debit cards to individuals who are not signers on an account?