Security

Zero Liability

Although payment card fraud is extremely rare, many of the card associations enhance federal security protections with a zero liability policy. The zero liability policy provides added protection to consumers by eliminating liability, in most circumstances, of consumer payment card fraud. This applies to purchases made in both the physical world and on the Internet. While there are steps consumers should take to protect themselves, they should use their payment cards whenever and wherever they choose, knowing that, ultimately, a cardholder's liability is zero. Under federal regulations, consumers may be held liable for up to $500 or more.