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Started By
Message
re: Credit Card Chip system. Or not?
Posted on 10/24/16 at 8:40 pm to MountainTiger
Posted on 10/24/16 at 8:40 pm to MountainTiger
quote:
Which sucks because the chip is much slower than swiping.
Only because US retailers buy shitty readers. In Europe scanning the chip is as fast as a strip.HEB (Central Market) I go to has very fast chip readers. And in Europe at restaurants and bars they have a portable card reader they bring to your table and you are required to insert the card in the reader. One waiter told me its because the law says the customer has to always be in possession of his or her card.
This post was edited on 10/24/16 at 8:45 pm
3
Posted on 10/24/16 at 8:42 pm to East Coast Band
quote:
Takes 5X the time to use chip instead of swipe.
Yeah it's a small thing but it's kind of a clusterfrick
It definitely seems like going through the prompts and finishing the transaction takes significantly longer.
Posted on 10/24/16 at 8:48 pm to LanierSpots
Its all about liability. If the Credit Card company offers chip enabled cards and the merchant does not have a chip enabled machine, the merchant is liable for fraudulent charges. On the other hand if the credit card company does not offer chip enabled cards and the merchant has chip enabled machines, the credit card provider is liable for fraudulent charges.
Posted on 10/24/16 at 8:50 pm to Zappas Stache
chip and pin and chip and sig are not the same
Posted on 10/24/16 at 8:50 pm to LanierSpots
quote:
I would say 10% of the places I use my card in person, uses a chip reader.
In contrast, I'd say 90% of the places I frequent have the chip reader.
Posted on 10/24/16 at 8:52 pm to LanierSpots
Where the hell do you live? I live in Opelousas and damn near every major store has them.
Posted on 10/24/16 at 8:58 pm to Peazey
I'm wondering what stores do you guys shop at? It's rare to go to a store that doesn't have the chip reader.
Walmart has had theirs for over a year. Many gas stations have the little machines that are chip readers
Walmart has had theirs for over a year. Many gas stations have the little machines that are chip readers
Posted on 10/24/16 at 9:04 pm to BACONisMEATcandy
quote:
chip and pin and chip and sig are not the same
That directed at me? That was the basic content of my post.
Posted on 10/24/16 at 10:03 pm to LanierSpots
The one card I have that does that I hate. It takes 30 seconds to read. My Amex gets swiped in 1.3 seconds.
Posted on 10/24/16 at 10:14 pm to LanierSpots
If the place you shop has a chip reader, the liability is on the bank, as it was previously. If the place you shop does not have a chip reader, liability is on the store.
Posted on 10/24/16 at 10:37 pm to LanierSpots
Merchants will soon need to convert to chip readers to avoid liability for compromises. The government is trying to shift liability for massive losses incurred thru card compromises from the financial institutions back to the merchants.
If merchants use chip technology and are somehow still compromised (low chances at this time), they'll escape liability for consumer losses incurred.
If merchants are still using swipe technology and experience a card compromise, they'll incur the liability.
Before long chip card and Apple Pay will be everywhere. Compromises will ruin the merchants who fail to convert.
If merchants use chip technology and are somehow still compromised (low chances at this time), they'll escape liability for consumer losses incurred.
If merchants are still using swipe technology and experience a card compromise, they'll incur the liability.
Before long chip card and Apple Pay will be everywhere. Compromises will ruin the merchants who fail to convert.
Posted on 10/24/16 at 11:00 pm to LanierSpots
I don't know why all the down votes cause this chip reader sucks dick. I've had my card replaced 2 or 3 times since this chip shite has been implemented.
Posted on 10/24/16 at 11:24 pm to East Coast Band
quote:
Takes 5X the time to use chip instead of swipe.
Your card might be out of your pocket longer, but the process doesn't take any longer.
Posted on 10/24/16 at 11:26 pm to Zappas Stache
No problems overseas and have used them over there for years. Amex, Visa, MC...all of em. Fast as hell everywhere except......the US. Not sure of the reason but it''s confusing as frick to Americans for some reason. Kinda like roundabouts which is the simplest thing ever.
Posted on 10/24/16 at 11:46 pm to Mo Jeaux
you already have the chip in your hand...everyone does. its just in a cellphone
semantics
semantics
Posted on 10/24/16 at 11:50 pm to LanierSpots
Basically, if a business DOESN'T abide by the new "chip technology" then all merchant servicers relinquish liability for anything fraudulent
There's no "law" that can/will make a business utilize the chip tech.
Funny thing is, nearly 100% of the merchant servicers provide the new "chip tech" units for free...
There's no "law" that can/will make a business utilize the chip tech.
Funny thing is, nearly 100% of the merchant servicers provide the new "chip tech" units for free...
Posted on 10/25/16 at 5:22 am to Cowboyfan89
quote:
Where the hell do you live? I live in Opelousas and damn near every major store has them.
I live about 30 miles north of Atlanta. And are you reading this thread? There are plenty of people who are rarely using it.
Posted on 10/25/16 at 6:57 am to LanierSpots
A bit long but comprehensive.
8 FAQs about EMV credit cards
A little lagniappe:
New security flaw in credit card chip system revealed
8 FAQs about EMV credit cards
A little lagniappe:
New security flaw in credit card chip system revealed
Posted on 10/25/16 at 7:18 am to therick711
quote:
It pretty much is useless at the consumer level.
This. Read up on it. Not there to protect the buyer at all.
Posted on 10/25/16 at 7:19 am to Zappas Stache
quote:
Only because US retailers buy shitty readers. In Europe scanning the chip is as fast as a strip.
Yep. The Euros are kicking America's arse, and have been for over a decade, when it comes to credit cards.
They are all on chip and PIN. Very fast, and no signing of paper required. When we use our cards, even with a chip, we have to sign. They usually require you to hand over the card so they can compare the sig on the back.
Those portable table-side readers have been around over there since at least the 90s. I've never seen one here, though we do have the Square type devices now.
Some in London now use their "contactless" card to pay for subway fare and the like. No need to buy a separate tube card (Oyster). Just touch your credit card to the pad at the turnstile, and it charges it to your account.
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