@Josef Unlike in Europe, in the US Federal law prohibits banks from holding cardholders responsible for more than $ 50
of fraudulent charges in the event of a card being stolen / compromised.
On December 26, the trial's defendants, Omar Amanat and Kaleil Isaza Tuzman, were found guilty on numerous
accounts of fraudulent charges, as originally reported by Bloomberg.
after which merchants (stores) would bear the
loss of fraudulent charges instead of card companies to the extent they still required magnetic swipes instead of chips.
On a final note, if your credit card ever gets compromised and you notice a suspicious phone purchase on your statement you didn't make, zero liability and fraud protection promises will ensure a speedy resolution and
removal of fraudulent charges.
Bank of America customers can stay protected with their chip - enabled credit card and $ 0 liability guarantee in
case of fraudulent charges.
Android phone maker OnePlus was forced to shut down credit card payments on its website last week after numerous reports from
customers of fraudulent charges.
If you happen to lose your card or become the
victim of fraudulent charges / data theft, you can contact your bank to have the card deactivated and those suspicious charges wiped from your account.
In the unlikely event of a breach in security, Travel Guard will reimburse you the first $ 50
of any fraudulent charges.