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MasterCard Extends Zero Liability Policy

May 29, 2014

MasterCard Inc., the world’s second largest debit and credit card company, said it was extending its zero liability policy in the United States to include all PIN-based and ATM transactions.

Zero liability protection means the account holder will not be held responsible for unauthorized transactions.

Earlier, the zero liability protection did not apply if an account holder’s personal identification number (PIN) was used for unauthorized transactions.

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From → Finance

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