IP: from American Banker re Visa

[Dave Farber <farber@cis.upenn.edu>]

>
>CARDS
>Visa Shores Up Web Position, Ends Fees On Theft Of Card
>Numbers
>Hoping to allay consumer fears about on-line credit card
>fraud and preserve its position as a force in Web payment
>handling, Visa U.S.A. plans to announce a series of
>initiatives today, including the elimination of customer
>liabilities for lost or stolen cards or account numbers.
>In a vote last week, Visa's directors decided to eliminate the
>$50 fee it charges consumers who fail to report a card as
>stolen or lost within two days. The two-day-notice requirement
>itself is also being dropped.
>Read the full story FREE:
>http://www.americanbanker.com/cgi-bin/read_freestory?20000222CARD613