Unauthorised transactions where there is no liability to account holders include those in which a forged, expired, cancelled or faulty card or PIN was used; losses caused by negligence or fraud by employees of any party (other than the account holder) associated with the transaction; losses caused by multiple debiting of a transaction; or losses caused after the notification by an account holder of a stolen or lost card, or other electronic device.

Question

Quizplus · Accepted Answer

Account holders are not liable for unauthorized transactions if they result from issues like forgery, employee fraud, or after reporting a lost or stolen card, as these are beyond their control.

Unauthorised Transactions Where There Is No Liability to Account Holders