Main | Thursday, April 22, 2010

Today In Banking Scams

JP Morgan Chase is telling its customers to select "credit" when making debit card purchases, because then they'll have to sign for their purchase and that's safer than entering a PIN in public Except banking industry experts say it's actually not safer. Could this new advice arise from the fact that that JP Morgan Chase makes a dollar from the average $100 signature debit purchase, versus a nickel or dime from the same PIN debit purchase? Naw!

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