MC vs Visa: MasterCARD WINS!!!!! Fraud Protection at ATM, etc. etc.

From the Insurance Journal:

MasterCard Inc., the world’s second largest debit and credit card company, said it is extending its zero liability policy in the United States to include all PIN-based and ATM transactions

 

What does that mean?  Most Identify Theft is done to YOU by someone YOU KNOW.  Meaning, you harmlessly tell someone your pin, or they watch you enter it, and before you know, they’re taking cash out of ATMs.

Mastercard won’t hold you liable for these incidents.  (Some form of proof, my guess, is required).  Visa won’t go to bat for you…

I’ll watch this story.  I’ll bet Pre-paid ATM cards to donuts that VISA changes its policy RTFQ.