[Dataloss] Something you should read if your business processes credit cards

[Rodney Wise]

Check out a publication from the FTC called "Take Charge Fighting Back
Against Identity Theft. Page 19 states:

*

Credit Cards
*

The Fair Credit Billing Act establishes procedures for resolving billing
errors

on your credit card accounts, including fraudulent charges on your accounts.

The law also limits your liability for unauthorized credit card charges to
$50

per card. To take advantage of the law's consumer protections, you *must*:

• write to the creditor at the address given for "billing inquiries," NOT
the

address for sending your payments. Include your name, address, account

number, and a description of the billing error, including the amount and

date of the error. A sample letter is on page 20.

• *send your letter so that it reaches the creditor within 60 days after the
first*

*bill containing the error was mailed to you. If an identity thief changed
the*

*address on your account and you didn't receive the bill, your dispute
letter*

*still must reach the creditor within 60 days of when the creditor would
have*

*mailed the bill.* This is one reason it's essential to keep track of your
billing

statements, and follow up quickly if your bills don't arrive on time.



If someone opens a new account in you name, changes your address so you
never get the bill, after 60 days you owe the bill and no matter what kind
of insurance you get the underwriters will not pay it because it is a valid
debt.

http://www.ftc.gov/bcp/edu/pubs/consumer/idtheft/idt04.pdf



Rodney Wise

http://pplrwise.blogspot.com



On 4/16/07, DAIL, ANDY <ADAIL at sunocoinc.com> wrote:
>
>
> Not really a breach story, but something all of us should check:
>
>
> http://www.paulhastings.com/Backup/Client_Alerts/42992.PDF?wt.mc_ID=4299
> 2.pdf
>
> Andy Dail
> (918) 586-6160
>
>
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