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Originally Posted by tASSy
i'd imagine they're giving those cards out through an issuing bank that is in the US and thus FDIC insured. the possibility that someone might get an imprint of your card and use it isn't even a concern to an FDIC insured bank - and they'll charge off any of your disputed claims quickly because they can afford to.
i *think* the reason the numbers aren't raised on the ePassporte electron cards is because the magnetic strip *must be* swiped in order for the holding bank that is not in the US to receive the information about your purchase. when the old shopkeeper with the imprint machine tries to call ePassporte's 800# with the number and expiration date of your card it won't make any difference because the bank holding the money offshore doesn't get any information about the transaction because the magnetic strip can't be swiped.
that's my best guess, not necessarily fact, but with a little training from ePassporte too.  |
Thanks for the info tassy, makes sense to me
I guess I take the FDIC, chargebacks, and the like for granted here in the U.S.