Hoping to allay consumer fears about on-line credit card fraud and preserve its position as a force in Web payment handling, Visa U.S.A. plans to announce a series of initiatives today, including the elimination of customer liabilities for lost or stolen cards or account numbers.

In a vote last week, Visa's directors decided to eliminate the $50 fee it charges consumers who fail to report a card as stolen or lost within two days. The two-day-notice requirement itself is also being dropped.

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