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Yep they are reactive...
And no a zero fraud liabiliy policy will not PREVENT fraud, but because you are entitled to get your money back is deterrent enough to properly institute sound security measures. One of my financial institutions took a proactive approach and because they THOUGHT my card could have been comprimised (some major retailer's cc db got hacked or something) they cancelled it and issued me a new one.

The "having your account emptied will cause bounced checks, which in turn may affect your credit rating, which in turn may affect your interest rates, purchase of a new car, and so on. " situation..yea its a straw-man arguement because if you knew anything about that you would know you dont INSTANTly get reported and you are entitled to an investigation if anything like that would pop on there. Additionally, most instances in fraud, all the bounced check fees and other service items are reimbursable under the program.

Consumer education and responsibility is key here and making outlandish statements by using your debit/credit card is a security risk is a flawed argument. Check the major credit card issuer guidelines and they require 128-bit encryption to be in place during credit card authorization. I have been using a debit card EXCLUSIVELY for years and never had any monies mysteriously pop out of my account. Personally I view paper checks as a liability more than a debit card, and I REFUSE to have any of them around for my account.

So yes, its a paranoid stance and would be cured with education on the programs and other measures in place.
Posted by: JT82   Posted on: 03/05/08 You are currently: a Guest | Members login | Terms of Use
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What else can they do?  Yagotta B. Kidding | 03/04/08
Will they run Vista?  TripleII | 03/04/08
Hmmm  MisterMiester | 03/04/08
More to the point  Yagotta B. Kidding | 03/04/08
That's right, YBK  nix_hed | 03/05/08
Crysis, never played it, but...  RichardBronosky | 03/06/08
Silly man!  Sailing_Nut | 04/10/08
No..  Etch44 | 04/11/08
Why in the world is a unitasking  frgough | 03/04/08
Further  TripleII | 03/04/08
Or even this  MisterMiester | 03/04/08
Not really uni-tasking  Sailing_Nut | 04/10/08
Amiga rules  tombalablomba | 03/04/08
Not really...  nix_hed | 03/05/08
Not quite dead yet  John L. Ries | 03/04/08
Wacked Implementation  GeiselS@... | 03/04/08
Exactly what I was thinking too  Loverock Davidson | 03/04/08
Message has been deleted.  itanalyst2@... | 03/05/08
hahaha  galileon | 03/04/08
Windows is an enabler  nix_hed | 03/05/08
When they chose a  hkommedal | 03/06/08
Hack into a Windows PC  MisterMiester | 03/04/08
Windows ATM machines are elegant...  Mike Cox | 03/04/08
No cigars, scones, and cognac?  nix_hed | 03/05/08
Good Story  jns_45K@... | 04/10/08
RE: Windows-based cash machines 'easily hacked'  Loverock Davidson | 03/04/08
You can't possibly really be as stupid as you pretend  bmerc | 03/05/08
Why would you  hkommedal | 03/06/08
Ridiculous, use PCMs  techrepublic@... | 03/07/08
All this worry  ThePrairiePrankster | 03/04/08
Why the heck are they running windows?  kraterz | 03/04/08
Stop using Windows for the machines  Boot_Agnostic | 03/05/08
This Should Include People Stupid Enough  itanalyst2@... | 03/05/08
I am ahead of the curve.  TripleII | 03/05/08
Paranoid much?  JT82 | 03/05/08
Paranoid? Hardly...  bmerc | 03/05/08
Yep they are reactive...  JT82 | 03/05/08
Credit card is ok.  TripleII | 03/05/08
Ok now i hear your point..  JT82 | 03/06/08
bmerc hit the nail.  TripleII | 03/05/08
RE: Paranoid much  bfilipiak@... | 03/05/08
Hurricane Country:  JT82 | 03/06/08
Decline Cash?  jns_45K@... | 04/10/08
RE: Windows-based cash machines 'easily hacked'  12AX7 | 03/05/08
RE: Windows cash machines.  bfilipiak@... | 03/05/08
Windows+ATM=bad mojo  nix_hed | 03/05/08
RE: Windows-based cash machines 'easily hacked'  voogdnz | 03/05/08
RE: Windows-based cash machines 'easily hacked'  voogdnz | 03/05/08
I've expelled MS from my life, but can still be destroyed  RichardBronosky | 03/06/08
Well, you still live in a Windows using country  Boot_Agnostic | 03/06/08
Crysis, never played it but...  RichardBronosky | 03/06/08
This is scary  John Musbach | 03/09/08
RE: Windows-based cash machines 'easily hacked'  myrealname | 04/10/08
RE: Windows-based cash machines 'easily hacked'  myrealname | 04/10/08
Not News  gbentley@... | 04/10/08
Cash Cows  vilppuu@... | 04/11/08

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