[ale] OT: Security code on Credit/Debit cards

[Lightner, Jeff]

There are prepaid debit cards available though the last time I looked at
those the fees were ridiculous.   There are also prepaid credit cards in
the world where you essentially deposit money in an account and that is
used as your limit for the card.  

Of course you could always use cash instead of the debit card.

I never use a debit card for anything except ATM withdrawals - CC is the
way to go.   You have a chance to address fraud before you pay a CC bill
where with a debit card the money goes directly out of your account.
Add to that the evil of multiple overdraft fees even for innocent
overdrafts let alone this kind of fraud and you'll see using a debit
card is a really bad idea.
Also Federal law covers you liability for Credit Card fraud but only
bank policy covers it for Debit Card fraud.  Me I'm not willing to trust
in the good will of banks for my peace of mind on the latter.

-----Original Message-----
From: ale-bounces at ale.org [mailto:ale-bounces at ale.org] On Behalf Of
Scott Castaline
Sent: Friday, February 19, 2010 10:12 PM
To: Atlanta Linux Enthusiasts - Yes! We run Linux!
Subject: Re: [ale] OT: Security code on Credit/Debit cards

On 02/19/2010 09:58 PM, Richard Bronosky wrote:
> Agreed. Additionally, if you have a strong suspicion of a single
> restaurant, offer to you bank to do a sting operation. Get a special
> card that you fund and only ever use there. If they can catch the
> small fish, they can pressure h[iemr]{2} to expose more of the chain.
>
> Seriously though; Whatever it takes to get another card to use that is
> not connected to your checking account... do it. When you get
> victimized, you want the bank begging you for the money and you saying
> "no, prove it." With a debit card, it's the other way around.
>
Unfortunately, credit cards are not an option as I stated on another 
reply due to huge medical bills, with no insurance I pretty much drowned

in ~ $60,000 of debt so along came bankruptcy. So needless to say, I 
don't have many options.
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