Banks are proposing amendments to laws that will allow cards to be blocked for up to 30 business days if they suspect that they have credited fraudulently debited funds to them, Kommersant reports. The card holder will not be warned.
According to the authors of the idea, these changes will complicate the withdrawal of funds on “purchased” bank cards, and will also serve as a security measure for judicial and investigative authorities. However, experts note that even with an unconditionally good purpose, this idea can hit the bona fide customers of banks.
Currently, the law “On the national system of payment cards” is in force, according to which the blocking of funds, like the card itself, is possible only at the time of writing off money from the sending bank.
For example, the bank sees that there are operations that a person usually didn’t perform on his card, for example, the card holder lives in Moscow, and the operations are massively going to Kazakhstan. At this point, the bank has the right to block a card or a specific transaction.
In general, in such situations, banks act differently: someone calls the client and asks for confirmation of the operation, someone blocks the card and waits for the client to call the bank or contact the department.
Most often, the client does not immediately learn about the theft of funds from the account, but after a few minutes or even days when the funds are already debited and credited to the person’s account in another bank.
If the sender of the money contacted the police and received a notification coupon there, then the blocking can take 30 business days. For the same period, it will be possible to block a dubious operation for security purposes. If the sender of funds does not take such actions, the card of the recipient of the money will be unfrozen in two days.
Publication date 08/21/2019
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