Debit/Credit Card Issuers Insurance

Debit/Credit Card Issuers Insurance

The debit/credit card issuers insurance policy provides coverage for loss from fraudulent use of a debit card or credit card at an electronic terminal or from fraudulent use of a debit or credit card where property, labor and/or services are sold and delivered by a merchant to an individual purporting to be the card holder using a telephone, fax machine, the postal service or personal computer. Coverage is worldwide and does not require embossing on a card or an application.

This insurance policy also provides optional coverage for reimbursement to the bank of the hard costs associated with reissuing compromised cards and account numbers including the cost of reissuing the plastic card and mailing costs.