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Who is responsible for the liability for losses resulting from Card fraud?

April 26, 2017card fraud liability losses responsible

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Who is responsible for the liability for losses resulting from Card fraud?

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From 1 January 2005 there was a shift in liability for some types of card fraud from banks to retailers, but this does not affect consumers in any way. Consumers remain fully protected from the cost of Card fraud. With this is mind you can continue to use your existing Cards with full confidence in their security.