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Monday, May 25, 2020  Spokane, Washington  Est. May 19, 1883
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Mastercard Caps Debit Card Liability

By From Staff And Wire Reports

MasterCard International said Wednesday it wouldn’t hold consumers liable for more than $50 when a thief steals a debit card, which makes immediate payments from checking accounts.

Prior to the change by MasterCard, the No. 2 player in the branded debit card business, consumers were potentially liable to pay for anything bought with a stolen debit card.

Effective immediately, a person who loses a MasterCard-branded debit card, or has the card’s identification number stolen, will only be responsible for $50 worth of charges, even if the thief uses it for thousands of dollars worth of transactions. The legal limit for fraud loss on credit cards is $50.

The biggest debit card issuer, Visa International, said Wednesday that it had been considering lowering the liability limit on its own cards, and that it would issue a statement about potential changes soon.

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Asking the right questions of your CBD company

Bluegrass Hemp Oil in Spokane Valley offers a variety of products that can be very effective for helping with some health conditions. (Courtesy BHO)

If you are like most CBD (cannabidiol) curious consumers, you’ve heard CBD can help with many ailments.