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Turns out that if someone compromises a merchant that you shop with, such as bikenashbar.com, then they are entitled to your money as long as they can show to the bank that they have your billing/shipping information. According to Chase it’s not fraud if they steal your address along with the card number.  I recommend that people use a bank that protects their customer’s finances, one that isn’t called Chase.

3 Responses to “Chase/WaMu Fraud-friendlyness”

  1. on 22 Jul 2009 at 10:08 pm Anonymous

    Details, please? Inquiring Chase customers want to know.

  2. on 23 Jul 2009 at 4:35 am fsync

    This sounds like a job for Consumerist.com. It’d be great to read a full write-up, and they’d love to publicize this kind of banks-gone-bad shenanigans.

    Because of course what Chase is saying is a total crock.

  3. on 24 Jul 2009 at 9:36 am fsync

    More bad behavior from Wamu/Chase:

    http://consumerist.com/5322101/wamuchase-doesnt-believe-your-card-was-stolen-despite-the-fact-that-the-thief-was-arrested

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