Kevin C.
Chase does not protect you from Fraud!
My business had an employee’s email hacked earlier this year. The hacker copied and sent our bookkeeper an invoice exactly matching an invoice that we owed to a vendor. The hacker included a link allowing the bookkeeper to pay by credit card. She paid the bill, thinking she was paying the vendor, but the funds we taken by the hacker and our invoice was left unpaid. My bookkeeper actually broke up the payments onto 3 different credit cards, one from Chase, one from Capital One and one from Amex. The same day that the transaction were processed she realized that the money did not go to the intended recipient, so she reported it to all 3 banks. Amex and Capital One ultimately backed up their claim that they protect consumers from fraud and hacking, but Chase was the lone holdout that refused to support us. They claimed that our employee gave the information to the hacker, so there was no fraud. I appealed several times, but chase only gives you 2 attempts to fight this and then their judgment is final. If you inadvertently give your information to someone you trust, but it turns out to be a hacker, Chase will not support you. They want to keep your money as much as the hacker does!


