c_note
Full Member
- Joined
- Feb 5, 2002
- Location
- divide by zero
Banks refuse to pay card fraud refunds as surge in victims leads to harder stance on claims
Banks are increasingly refusing to compensate card fraud amid a surge in the number of victims.
One in four Britons - more than 12million people - has been a victim of some form of card fraud in the past year, research has revealed.
The average loss was more than 650, with one in 20 losing more than 2,000, the poll of 1,679 credit and debit card holders found.
The firm behind the study, Card insurer CPP, says there is evidence that banks are reacting by refusing to refund those who cannot prove they have been victims of a fraud.
Rest of the story at
Banks are increasingly refusing to compensate card fraud amid a surge in the number of victims.
One in four Britons - more than 12million people - has been a victim of some form of card fraud in the past year, research has revealed.
The average loss was more than 650, with one in 20 losing more than 2,000, the poll of 1,679 credit and debit card holders found.
The firm behind the study, Card insurer CPP, says there is evidence that banks are reacting by refusing to refund those who cannot prove they have been victims of a fraud.
Rest of the story at
You do not have permission to view link
Log in or register now.
