imalickin
No Spam Please
- Joined
- Dec 13, 2005
- Posts
- 1,748
Most credit card companies here in the U.S. are supplying customers with a card with a chip, but most retailers do not have the machine to read these so they are still being swiped. I was reading an article just the other day that said the credit card companies would not be libel if someone stole your information if the chip card was used at a place that did not have a chip reader. The person would have to recoup their losses from the place of business.
I'm pretty sure it's the business that's left to recoup however they can, not the card user.
The card owner isn't liable for any amount if it's theft. It used to be they aren't liable for anything over $50, but that changed about 10 years ago. The same with debit cards. In most cases the bank will have your money back in your account the next day.