The report further confirms that the ban will not extend to
debit card customers of the banks, who will be able to continue making cryptocurrency purchases with their bank accounts.
Radius Card is available for all
consumer debit card customers on iPhone and Android phones and can be downloaded directly from the App Store or Google Play for free.
Of course, many banks offer a $ 50 cap or no fees at all for fraudulent charges — my bank once happily resolved some bad charges for me at no loss to me — but banks are under no obligation to
shield debit card customers from fraud.
TORONTO — More Canadian banks say their credit card and
debit card customers will be able to use Apple Pay starting today.
In addition, and perhaps more importantly,
our debit card customers are protected by our partnership with MasterCard through the Zero Liability Protection [program].
SunTrust Banks, Inc. has upped the ante when it comes to the rewards that their credit and
debit card customers can earn by expanding their program and launching SunTrust Deals.
I have not yet seen this option for
debit card customers, but there must be some banks that offer it, since it saves them a lot of time and trouble in pursuing defrauders.
Debit card customers, meanwhile, will still be able to pay for cryptocurrency online.