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Credit Card Signatures Are About to Become Extinct in the U.S
511–520 of 541 posts
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#512sDRFGgsgsjsgssxxgenzjq5qyQFAVS
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#513svwbwvsdfahsnqga r
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#514Earlier quoted context omitted.
Last in this case means "previous" or "most recent". Its just ambiguous English.
Oh yes, I understood that. I still can't believe they're so rare that you can talk about the "most recent" one. And how would jimnotgym know? Most puzzling.
Note the phrase 'at our stores' in the preceding sentence. We don't know whether it's a couple of stores or a supermarket chain, but either way, it is likely that someone knows within any given enterprise.
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#515Re: Credit Card Signatures Are About to Become Extinct in the U.S
#516Earlier quoted context omitted.
AFAIK chip and pin shifts liability for fraud onto the credit customer. While banks may be more than eager to do so, they may also be wary of a customer backlash over this.
In the UK the law remains what it always was - the customer is not liable unless they enabled the fraud. (I'm right now in the process of getting my card replaced after fraudulent charges that I can only assume were put through as though they were chip and pin). In the early days there was a concern that the courts would believe that chip and pin proved the customer was responsible (i.e. that the mere fact of a succe…
There are well-documented cases where liability had been shifted to the customer, and which was only reversed through there being evidence that is not normally available in these cases:
"In one disputed transaction case we assisted in, the customer had his card stolen while on holiday, and then used in an EMV transaction. The issuer refused to refund this customer on the basis that their records showed the PIN was used. Luckily, the customer managed to obtain the merchant receipts, and these contained the TVR. This indicated that the PIN was not used, and the merchant opted to fall back to signature. We decoded the TVR and informed the customer, who was then able to get a refund. Other customers are less fortunate: it is unusual for the TVR to be included on the receipt, and often the merchant receipt has been destroyed by the time the dispute is being considered."
https://www.cl.cam.ac.uk/research/security/banking/nopin/oak...
The law may always have been that the customer is not liable unless they enabled the fraud, but I hope the rules of evidence and/or practices of dispute resolution have changed so that the infallibility of the system is no longer tacitly assumed.
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#517Earlier quoted context omitted.
Oh yes, I understood that. I still can't believe they're so rare that you can talk about the "most recent" one. And how would jimnotgym know? Most puzzling.
Note the phrase 'at our stores' in the preceding sentence. We don't know whether it's a couple of stores or a supermarket chain, but either way, it is likely that someone knows within any given enterprise.
Oh, I interpreted that as a patriotic way of saying "at British stores". Thanks for explaining!
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#518Earlier quoted context omitted.
I recently traveled to the states from Canada and was amazed at the number of places that didn't even have the infrastructure for chip & pin - I was at a popular tourist spot and it was all iPads & Square Readers.
Weird. The Square readers we have in Australia support both chip-and-pin and contactless (+pin for purchases > $100). Were they only using the cheaper audio-jack swipe readers in the US? (Not allowed here any more) I've been using Apple Pay recently, and one annoyance I had was that one store when I paid (for a >$2k purchase) didn't ask for my PIN... it asked for a signature. And then of course I was meant to present…
It was the audio jack swipe readers.
Apple Pay lets you spend that much money? I think with Google Pay + my bank the limit is $100 / transaction, after which you have to use your card + pin (which, let's be honest, makes sense.
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#519Earlier quoted context omitted.
I'm down to 4 checks per year now. City and County taxes, twice per year. For some reason the local government still uses a credit card processor that adds 3% on top of whatever you pay, and when you're talking about property tax that's painful. The stamp is much cheaper. I've been printing the amount for years now, as my cursive was never terribly legible to begin with and has decayed from lack of use. The whole poi…
Is this hyperbolic or do they actually add 3% on to your amount? If so that is just disgusting. I can understand it from ticketek or similar, but from a government body?
The government doesn't handle CC purchases directly, they hand it off to a third party. The third party passes on all of the CC overhead plus a bit for themselves to you. It's small government in action.
Re: Credit Card Signatures Are About to Become Extinct in the U.S
#520I've noticed the chip and pin systems getting much faster. Safeway in the DC area had a sign that they're speeding it up, and it was really insert, pause, remove. More like swiping.