What are the restrictions and/or liability regarding a bank offering debit cards to businesses? What is different from marketing this product to consumers?
Will a Mastercard SecureCode debit card transaction using a SecureCode pin number come under Reg. E "accepted access device" when determining a customer or banks liability in a claim?
From a Pakistani banker: How might we make our customers use their ATM cards more frequently as debit cards?
What are the legal ramifications of sending out an unsolicited debit card to an ATM cardholder if any?
We issue Visa debit cards. We monitor for suspicious activity such as excess cash withdrawals, excessive denials for cash withdrawals and rejection of PINs. Should our disclosures and applications state "the account can be closed at our discretion"?
One of our existing members who is a minor, and their parent who is a joint owner on the account wanted to apply for a VISA debit card for each of them. Can the parent be held responsible for any of the transactions by the minor?
What are the regulations regarding the handling of a business credit card dispute? I understand that Regulation CC applies, but does not cover how to handle provisionary credits, etc. In the case of unauthorized charges being made to a business debit card do Regulation E rules concerning provisionary credits, investigation time frames, etc. apply?
I am trying to revamp and consolidate our ATM/POS Card and CHECK/POS Card request forms. We are now confused as to what the actual definitions of the above terms are, and whether they all fall under the term Debit Card.
We want to begin offering debit cards tied to home equity lines of credit. To do so, we must open a "dummy" checking account (a system requirement I think). Do we have to give normal checking account disclosures for this dummy account? I do believe we need to give Reg E disclosures, but am not sure about any of the others.
I have many customers who have used their debit card for monthly debits such as to a satellite provider or Internet service provider. After they close their account, these transactions still try to hit. I have closed the debit cards and even hotcarded them but these companies still force the transactions through. When I dispute the transaction, the company says they will not honor the dispute without the cardholder's signature... yet most of the time we have closed the account due to negative balances. Is there any way around this? Can we not stop these companies from steadily forcing payments through closed accounts and cards?