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Started By
Message
Credit Card Chip system. Or not?
Posted on 10/24/16 at 6:00 pm
Posted on 10/24/16 at 6:00 pm
So about a year ago, everyone had to change credit cards and debit cards to get the new cards with the "Chip Technology" on them. A lot of talk and BS
A year later and I rarely purchase something at a place that actually uses or has the Chip reader? WTF? I thought this was suppose to be some kind of major security break through
I would say 10% of the places I use my card in person, uses a chip reader. I just swipe and move on
A year later and I rarely purchase something at a place that actually uses or has the Chip reader? WTF? I thought this was suppose to be some kind of major security break through
I would say 10% of the places I use my card in person, uses a chip reader. I just swipe and move on
35
Posted on 10/24/16 at 6:01 pm to LanierSpots
quote:
A year later and I rarely purchase something at a place that actually uses or has the Chip reader? WTF? I thought this was suppose to be some kind of major security break through
I would say 10% of the places I use my card in person, uses a chip reader. I just swipe and move on
Give it time. The majority of places up here have them now.
Posted on 10/24/16 at 6:01 pm to LanierSpots
Chocolate CHIP cookie
Posted on 10/24/16 at 6:01 pm to LanierSpots
Damn chip cards are the stupidest shite to happen in a long time iyam
Posted on 10/24/16 at 6:02 pm to LanierSpots
The security actually is much better.
The problem is updating the hardware and the software for the new systems. Tons of retailers don't want to invest because the credit card companies themselves absorb most of the fraud.
The problem is updating the hardware and the software for the new systems. Tons of retailers don't want to invest because the credit card companies themselves absorb most of the fraud.
Posted on 10/24/16 at 6:02 pm to LanierSpots
I never had to get a chip for my personal card. Still using my regular regions card.
Posted on 10/24/16 at 6:03 pm to LanierSpots
Consumers got caught up in a battle between card issuers and vendors. It pretty much is useless at the consumer level. How many fraudulent charges are made in card present transactions with fake cards? Answer, not many.
Posted on 10/24/16 at 6:03 pm to LanierSpots
(no message)
This post was edited on 5/4/23 at 7:54 am
Posted on 10/24/16 at 6:03 pm to LanierSpots
All businesses will have to change over by a certain date.
Posted on 10/24/16 at 6:03 pm to LanierSpots
Nearly every place I go uses them, and I live in BFE.
Posted on 10/24/16 at 6:04 pm to LanierSpots
Get a chip in your right hand or forehead. So you can buy and trade.
Posted on 10/24/16 at 6:04 pm to efrad
Security is better but it's just a matter of time before chip cards are just as vulnerable as swipe cards.
That being said, I really don't get the fuss. I can tell which POS is which and the card stays in for a little while. Meh.
That being said, I really don't get the fuss. I can tell which POS is which and the card stays in for a little while. Meh.
Posted on 10/24/16 at 6:04 pm to SEClint
quote:
Get a chip in your right hand or forehead.
The mark of the beast.
Posted on 10/24/16 at 6:04 pm to AlonsoWDC
Security isn't meaningfully better. Most fraud is on card not present transactions. Chips do nothing for that.
Posted on 10/24/16 at 6:07 pm to LanierSpots
It's about 40-50% where I am. Makes it even more annoying. Never fricking know what to do.
Posted on 10/24/16 at 6:09 pm to therick711
quote:
Chips do nothing for that.
I agree with this... I dont need the card to make charges online or over the phone.
Most of the places here that have a reader that will accept the card, has it tapped over and uses the swiper...
Post office, Publix, Quick Trip, Restaurants I use. I use my card at these places a few times per week and none use the chip
Posted on 10/24/16 at 6:10 pm to LanierSpots
Just a process to move you towards eliminating the card all together, and placing a chip in the back of your hand.
Posted on 10/24/16 at 6:10 pm to LanierSpots
It's called EMV (Europay/MasterCard/Visa, I think) and much of the civilized world has been doing it for years. It's the reason why the US has a disproportionate ratio of fraud to transaction.
In years past, fraudulent transactions would be covered mostly by the card issuer. With EMV, there is a liability shift from the issuer to the vendor. If vendors do not make the switch to EMV-based transactions, any fraud costs are to be footed by the retailer or vendor.
In years past, fraudulent transactions would be covered mostly by the card issuer. With EMV, there is a liability shift from the issuer to the vendor. If vendors do not make the switch to EMV-based transactions, any fraud costs are to be footed by the retailer or vendor.
Posted on 10/24/16 at 6:10 pm to efrad
quote:
Tons of retailers don't want to invest because the credit card companies themselves absorb most of the fraud.
A large percentage of the liability has shifted to the retailer for not using chip readers.
Posted on 10/24/16 at 6:11 pm to LanierSpots
Wal Mart and most drug stores seem to be the only places that use them from my experience.
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