Disappearance of the card itself
The disappearance of the card itself is an extremely annoying thing, which causes problems with people both at home and abroad. On the other hand, good news for credit card holders is that major changes to the rules governing credit card use can be expected these days. Among other things, the cost of losing your credit card has been reduced.
In its latest report, the bank stated: “The payment service provider may not charge a fee for blocking a bank card or preventing a payment order from being executed on the basis of a payment card.” reported. There is no longer any obligation to pay, but you should raise the bank of the problem encountered. in the old regulations, the bank letiltásánál, 45 thousand forints had to bear the damage to the cardholder, according to the latest rules, but in January 2018 from 13 this the amount will decrease to 15 thousand.
For example, so far, if your bank card has disappeared and a hundred thousand forints have been withdrawn from your card at the time of filing with the bank, you have not received the entire amount from the bank, only $ 45 thousand deducted from the stolen amount. From January 13, the bank will deduct only HUF 15,000 instead of HUF 45,000, according to which if the exemplary HUF 100,000 disappears, the injured person will receive HUF 85,000.
In the event that the customer who has lost his/her credit card does not notice the disappearance, or if the bank does not provide for the possibility of blocking, they can not charge anything to the customer who has lost his/her card.
Another novelty is that the bank now bears the risk associated with sending the card or, for example, the associated PIN to the customer.
The blocking fee will remain
Legal aid only applies for card disappearance, but the fee for blocking a credit card remains unchanged or increases for some banks, for example, one of the most well-known banks has raised the card blocking fee to $ 6,100.
There will be a reduction in the replacement fee, which may vary from bank to bank, but at OTP Bank, for example, you will be charged less than $ 1,400 instead of the current $ 3,629 to replace Mastercard standard and Visa classic cards. This means that it may cost less to replace your credit card than to apply for a new plastic card. Some banks may apply for the same type of credit card as a replacement card within 60 days of disabling the credit card. In this case, you will be charged a replacement fee, but if you refill your credit card after more than 2 months, the transaction will be considered as a new bank card application, and in this case you will have to pay a bank card issue fee. forint. According to surveys of the bank, they had to pay a total of HUF 200 million in two years.
The concept of strong customer authentication is introduced
The new change introduces the concept of strong customer authentication, whereby there will be two identifiers for a credit card. This will come in handy when making purchases over the Internet, since even after the hacking of one account, the customer’s data and money remain secure. According to this change, if the online merchant does not accept strong customer authentication, he/she will have to compensate the customer’s bank for the damage and consequently the bank customer will not have to deal with the banking transactions that occur in this case.
Changes to blocking the amount
A positive change is expected in this area as well from January 13. The money does not disappear from the account, but it cannot be accessed. The law stipulates that when the exact amount of the payment order is not known at the time of approval by the payer, the payment service provider may only reserve money if the exact amount of the block has been approved by the payer. They also provide for the blocking to be lifted immediately after the actual payment.