…federal regulators on tougher rules to stop the practice. And it would be nice to see the industry take steps to create the kind of quick-response security system that the credit card industry has created to combat fraud. It sure would increase customer appreciation and support! Have ideas on how cellphone companies can improve? Let us know in the comments!…
Text me a dollar! The facts on P2P money transfers
…that you’re only covered by whatever protections exist under your bank account, credit card or debit card—there are no special protections in place for P2P payments. Liability for fraudulent payments funded through a stolen phone or debit card connected to your bank account is $50 if you report it to your bank within 2 days, but can grow to $500…
