Changes in MasterCard Zero Liability Protection - Effective October 17, 2014
Effective October 17, 2014, MasterCard is making changes to its zero liability policy. These limitations on liability for unauthorized transfers are in addition to limitations on liability established by federal law. The changes are as follows:
MasterCard limitations will apply to all transactions conducted with a MasterCard branded card, including PIN-based transactions (these are currently not covered).
You must promptly notify us upon becoming aware of a loss or theft as a condition for $0 liability (within 2 business days)
If you do not exercise reasonable care to safeguard your card from the risk of loss or theft or you do not promptly notify us of a loss or theft, the MasterCard limitations on liability will not apply - limitations established by law may still apply.
New Benefits from MasterCard:
Your MasterCard card will have new benefits. Effective July 14, 2014, benefits will include Identity Theft Resolution Services. To learn more about this valuable benefit, please call 1-800-MC-ASSIST (1-800-622-7747). To request a printed Guide to Benefits, call Bank of Prescott at 887-2688. You can also visit www.mastercard.com/debitstandard-gtb for a full description of the new benefits and how to use them.