On Thu, 18 Dec 2014 17:06:24 -0500, "Mr. Luddite"
wrote:

On 12/18/2014 4:43 PM, Tim wrote:
My wife is ditching her debit card. It's been "compromised " three times this year. She has several automatic payments coming out of her account monthly, and has to contact her accounts and switch stuff over and has had to do this several times.

I won't have a debit card.



Banks heavily push their debit cards, credit cards, on-line banking and
auto deposit/payments systems. I think they should be 100 percent
responsible for any screw-ups or hacks of their software security that
results in theft of funds or identity.

===

The banks have their issues at times but most of the hacks and screw
ups seem to be at the merchant end. The banks that I'm familiar with
spend hundreds of millions every year on security and fraud control
systems. They do promote debit cards however because they are more
profitable than credit cards: No free float for 30 days, and fewer
consumer legal protections.