Some debit-card users soon will benefit from zero liability for fraudulent purchases.By Lisa GerstnerSee my bio, plus links to all my recent stories., From Kiplinger's Personal Finance, October 2014 Follow @LGers
Until now, the best way to minimize the chances of fraud when you swiped your debit card was to sign your name rather than punch in your PIN. By signing, holders of cards backed by MasterCard or Visa—the two dominant networks among debit cards—were assured of the same zero-liability coverage for unauthorized purchases that the companies extend in case of credit card fraud.
