Saturday, January 11, 2014

Are Debit Cards Safe Anymore?

#TexasNewsBlog #TexasNews #TexasBlog

Texas News Blog: First, there was Target's security failure that caused over 100-million debit cardholders to rush to get replacement cards and then on Friday it was learned that Neiman Marcus had something similar happen to them, as well. I wonder, if it is safe to even use debit cards anymore? Fortunately - for consumers and banks the answer is yes, because both will always be made whole in the end. However - reputable businesses will see their profits suffer, if they don't follow all the rules set forth when they accept these cards as payment. It is still safer to use a debit card than to carry cash around. If someone steals your good old American legal tender, it is gone for good.

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