Re: [uk-netmarketing] Re: Offline Verification of Credit Cards

[Silas Denyer]

Very useful run-down, Ben. A couple of questions someone might be able to

help with re this, if I may:


How does the 3-digit "verification code" figure into this (the number

printed only on the signature strip)? Do the UK acquirers actually support

verification based on this information?


Where does the cardholder's liability for the security of his/her card

factor in the 3 months to report stolen card / 6 months to initiate

chargebacks? This suggests that the cardholder is not liable for charges

made using the stolen card if they have not noticed its loss?


Many Thanks


Silas Denyer


----- Original Message -----

From: "Ben Thompson" <

benbabyhippo [dot] com

>

> Finally, remember it may take 3 months for a stolen card to be noticed and

9 months for you to be told (holders have upto 6 months to initiate

chargebacks, banks 3 months to pass that information the merchant). Just

because someone has already made 2 purchases in the past month doesn't mean

that the card isn't dodgy. It may just mean that no statement has appeared

yet.