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What Can Be Done About Security of Debit Cards?

Posted by timothy on from the go-cash-only dept.

JumpDrive writes "I have been the victim of (Visa) debit card theft. I do not know where they stole or got the number, but it was used one day on the other side of the country and the next day it was used in Europe until they cleaned out my account. I had been monitoring my account online and immediately went to the bank and filed a claim. I was told at that time it would be 3 to 5 weeks for them to investigate the claim before they could return my money. Recently I tried to make a purchase with a debit card and was told that they couldn't use the card since it wasn't a Visa or MasterCard check card; this led to a discussion of why I no longer have a Visa or MasterCard check card. Which then led to the question of 'What can be done about it?' Currently I have a separate account for debit usage for my personal safety. But I also think that those producing these check cards should be required to advertise the hazards of having one of these cards (not in small print and maybe required in advertisement of these cards, similar to what is required with pharmaceutical drugs on television) and/or that if a debit or check card is issued a separate account should be required for its use, and users informed of the issues of placing all of their money in the same account that their debit card has access to. What other precautionary measures should be required or taken?"

4 of 511 comments (clear)

  1. look here you retard by Anonymous Coward · · Score: -1, Flamebait
    it's common knowledge that check card/debt cards take that money from your account immediately, unlike credit cards where you pay after the fact. If there's fraud on your credit card, you dispute it and don't pay it (the merchant gets stuck). If there's fraud on your check card, that money's gone so you're entirely at the mercy of the bank.

    So what can you do? Well, don't be a retard. Since that's too difficult for you, how about you shut up and fuck off.

  2. Re:What can be done? Nothing. by timmarhy · · Score: 0, Flamebait
    I've never understoof why the hell anyone would use a debt card. i guess there is a section of the market with no self control, and hence can't own a credit card.

    they could end all this by implementing one time CC numbers, but that is probably more costly then covering the fraud at this point.

    --
    If you mod me down, I will become more powerful than you can imagine....
  3. Re:Get a credit card by Anonymous Coward · · Score: -1, Flamebait

    If it gets stolen, it's not your money.

    Are you really that fucking dumb?

  4. Re:What can be done? Nothing. by xero314 · · Score: -1, Flamebait

    Even better solution, do away with the monetary system completely. If we provided for the needs of all citizens and made all none essential resources shared property of the people...

    Oh wait, what was I thinking, that would actually solve the problem and I'm sure that's the last thing we want to be doing here (that would be like a pharmaceutical company researching a cure.).