Protect against porch piracy with Porch Piracy Purchase Security
Helping financial institutions protect their cardholders from the financial impact of porch piracy with valuable year-round coverage
As e-commerce sales continue to grow, so does the frequency of porch piracy theft. Porch piracy is when a delivered package is stolen off the recipients doorstep. Proven difficult to combat, approximately 30% of Americans have already fallen victim1.
Fortunately, Porch Piracy Purchase Security can help. If an eligible account is used, this benefit can reimburse the cardholder for the purchase price of their package in the event it is stolen during delivery.
75 custom invitations made for their child's first birthday party...
A new camera to gift to Dad for Fathers Day...
A pair of basketball sneakers for the start of high school playoffs...
All of the above packages may be covered in the event of a theft if the cardholder uses their eligible account to make the purchase. Porch Piracy Purchase Security applies to new retail purchases made with a cardholders eligible account in the event the purchase is stolen within 90 days of the purchase date - not just those stolen from a doorstep.
This benefit will reimburse the cardholder up to the total purchase price, up to the maximum amount designated. Coverage even extends to gifts purchased for family or friends, as well as purchases made outside the United States.
For more information on this benefit and how you can help protect your cardholder purchases, please contact us at:
Email - Benefits@cbsiservices.com
Call - 1-800-261-3511