When people were asked if they favor a proposed rule that would force
prepaid debit card issuers to limit consumer liability for unauthorized transactions, 83 % said yes.
Debit card issuers offer protection against theft, but restoring stolen funds into an account is a tedious process that can take several weeks.
One
such debit card issuer that deserves a mention for providing special incentives is the MasterCard Debit Card Rewards From Perkstreet Financial.
Almost 94 % of respondents favor a proposed rule that would force
pre-paid debit card issuers to make their fees and terms disclosures easier to understand, but that support dwindled to 50 % when they were asked if they'd still back the rule if it came with steeper fees.
Government regulators say they will be watching closely what effect this cap has on the behavior
of debit card issuers, merchants, consumers and Main Street economics, leaving open the option to adjust the new policy in the future.
How to save on debit card foreign transaction fees — We've researched what each
major debit card issuer charges in foreign transaction fees — and give you tips for avoiding them... (See Foreign transaction fees)
TenX, the popular cryptocurrency payment application, which last year raised $ 80 million during its crowd sale event for PAY tokens has announced that it has completed the tech integration with their
new debit card issuer.
Also read: Bitcoin
Debit Card Issuer E-Coin Partners With BitGo New Currency Cards Are a Success So Far When E-Coin launched
When asked if they favored new rules that would force
prepaid debit card issuers to make their fees and terms disclosure easier to understand, the overwhelming majority (93.9 %) answered «Yes.»
However,
debit card issuers that have less than $ 10 billion in assets are exempt from these interchange fee limits and standards.
In addition, you authorize us to obtain updated or replacement expiration dates and card numbers for you credit or debit card as provided by your credit or
debit card issuer.
It's important to know that your credit or
debit card issuers will send your enhanced security chip card without asking for personal information.
If unauthorized transfers show up on your bank statement, report them to
the debit card issuer as quickly as possible.
If you report an ATM or debit card missing before it's used without your permission, the Electronic Funds Transfer Act (EFTA) says
the debit card issuer can not hold you responsible for any unauthorized transfers.
Would you favor new rules that would force prepaid
debit card issuers to limit consumer liability fo © CreditDonkey
Would you favor rules that would force prepaid
debit card issuers to make their fees and terms discl © CreditDonkey
Do you favor new rules that would force prepaid
debit card issuers to make their fees and terms disc © CreditDonkey
Contact
your debit card issuer for more information about particular policies and protections.
Still,
some debit card issuers voluntarily offer protections and solutions to problems like the failure to receive merchandise bought with a debit card.
GPR card issuers are not always required to provide the same consumer protection as
debit card issuers.
The key is to check with
the debit card issuer to find out if they treat debit cards as credit cards as long as you sign for your purchase, rather than use your PIN.
On October 1st it will be one year since the controversial Durbin Amendment went into effect, limiting the amount of interchange fees that
debit card issuers could charge to merchants.
No, there is no credit card surcharge, however your credit or
debit card issuer may charge you a foreign transaction fee and / or interest on payments deducted in GBP.
This good news followed an earlier disappointing release by TenX that revealed
their debit card issuer, Wave Crest Holdings, has stopped issuing cards outside of Europe.
Well maybe you could call
the debit card issuer to confirm whether they also extend that benefit?