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Originally posted by Kimmykim
How are they disclosing it? B of A looks to be taking a page out of adult here in the states.
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https://www.securesuite.net/cibc/docs/faq.jsp
https://www.securesuite.net/cibc/docs/terms.jsp
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You are solely responsible for maintaining the confidentiality of your password, Registration Data and other verification information established by you withVerified by Visa, and all activities that occur using your password, Registration Data or other verification information supplied to or established by you withVerified by Visa. to transfer or sell your use of, or access to,Verified by Visa to any third party. You agree to immediately notify us (by contacting us as we require in our cardholder agreement with you for a lost or stolen card) of any unauthorized use of your password or other verification information, or any other breach of security. You acknowledge and agree that, except as otherwise provided by Applicable Law or in our cardholder agreement with you, CIBC shall not be liable for any loss or damage arising from your failure to comply with this TOS.
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That's from CIBC's terms, but it seems to be a template issued by Visa to each bank ("You agree that, except as otherwise provided by Applicable Law or in our cardholder agreement with you, [insert Member Bank name] shall not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings").
It's more or less the way we disclose that cardholder's have no recourse if their PIN number is used to do a cash advance.