Sentences with phrase «loss for fraudulent charges»

Because the bank has to make up the loss for fraudulent charges, and the less information they have, the less they can be sure the charge is legitimate.

Not exact matches

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.

Greg Ferrara, senior vice president of government relations and public affairs for the National Grocers Association, says merchants that aren't able to put their new equipment into service risk incurring significant losses in the form of chargebacks caused by fraudulent or disputed charges.