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re: Traveling to Europe
Posted on 6/29/11 at 11:59 am to trident
Posted on 6/29/11 at 11:59 am to trident
Probably because new technology (like using phones directly linked to bank accounts) enables businesses to bypass fees that the credit card companies charge.
But I have no idea if such a sweeping statement is true.
But I have no idea if such a sweeping statement is true.
This post was edited on 6/29/11 at 12:00 pm
2
Posted on 6/29/11 at 1:03 pm to LSUtoOmaha
quote:
Traveling to Europe
Probably because new technology (like using phones directly linked to bank accounts) enables businesses to bypass fees that the credit card companies charge.
But I have no idea if such a sweeping statement is true.
This is exactly why. I'd be sure and at least verify that my credit cards would be accepted in Europe. I don't know exactly how far they are into the transition, but it is in process.
Posted on 6/30/11 at 10:04 am to LSUtoOmaha
quote:
But I have no idea if such a sweeping statement is true.
CC's issued in Europe have smart chips instead of just the magnetic strip US issuers use. The US industry is just beginning to test the newer technology with big spenders. Due to fraud many merchants are not taking the magnetic stripe cards....or so numerous articles claim.
I am very leery of phone enabled deposit acct access. Thieves are thieves, many are quite bright. I don't make portfolio transactions on a smart phone for the same reason, encrypted or not.
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