IP: from American Banker re Visa

[Dave Farber <farber () cis upenn edu>]

> CARDS
> Visa Shores Up Web Position, Ends Fees On Theft Of Card
> Numbers
> Hoping to allay consumer fears about on-line credit card
> fraud and preserve its position as a force in Web payment
> handling, Visa U.S.A. plans to announce a series of
> initiatives today, including the elimination of customer
> liabilities for lost or stolen cards or account numbers.
> In a vote last week, Visa's directors decided to eliminate the
> $50 fee it charges consumers who fail to report a card as
> stolen or lost within two days. The two-day-notice requirement
> itself is also being dropped.
> Read the full story FREE:
> http://www.americanbanker.com/cgi-bin/read_freestory?20000222CARD613