Debit Cards Offer Less Security Than Credit Cards
Frank Norton writes for the Raleigh, NC News-Observer about the differences between debit and credit cards when it comes to protections against fraud, billing disputes, etc.
Visa has said the debit card customers have the same zero liability for fraudulent charges as credit-card customers do. But there is no law that requires debit-card issuers to pay for any resulting damage, such as bounced check fees and merchant fees. And with the number of debit cards fast approaching 300 million, the potential for security breakdowns is increasing, consumer finance experts say.
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