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Swiping left on magnetic stripes

mastercard.com

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Re: Swiping left on magnetic stripes

#11

Post by FridayoLeary »

tpmx wrote: post #6

So most of my current cards (in Europe) have 3 interaction methods: In order of decreasing readability/communication reliability: 1. Magnetic stripe 2. NFC 3. EMV The EMV ("chip") method is the least insecure, but lately all of my cards have been started oxidating. And it seems like the pogo pins in almost all readers also started wearing out too. Chip reader failures have become very common lately. It's very common…

You can request a new card from your bank, you will get it probably within a week. Problems solved.

Re: Swiping left on magnetic stripes

#12

Post by drclau »

Why does it take so long? Where’s the bottleneck?

Where I lived over the last years (two countries in Europe), I don’t even have to use the physical card. I just use contactless payments with the phone. Prior to that, it was contactless with card. Even ATMs work with contactless (not all, yet). Prior to that, it was chip. I honestly don’t even recall the time when the magnetic stripe was needed.

(edit) Think of this: I made an account with one of these neo banks, ordered the card too, and it took me over a year to activate it. I still don’t use it. I just installed the virtual card into the phone’s wallet and used the account like that.

Re: Swiping left on magnetic stripes

#14

Post by the_mitsuhiko »

tpmx wrote: post #6

So most of my current cards (in Europe) have 3 interaction methods: In order of decreasing readability/communication reliability: 1. Magnetic stripe 2. NFC 3. EMV The EMV ("chip") method is the least insecure, but lately all of my cards have been started oxidating. And it seems like the pogo pins in almost all readers also started wearing out too. Chip reader failures have become very common lately. It's very common…

To echo my other comment: my chip broke on my debit card and the card refused to work with magstripe only (and it was broken in a way were the NFC thing also no longer functioned). So not sure if the magstripe has any functionality in the SEPA region based on that experience.

Re: Swiping left on magnetic stripes

#15

Post by brundolf »

gnicholas wrote: post #10

I sometimes keep my credit card near my iPhone. I have wondered about the impact on credit cards of the new MagSafe magnets in iPhones. I guess if there aren't magnetic strips anymore, I won't have to worry about it. OTOH, there won't be any backup if the chip doesn't work, which it doesn't always.

There will still be NFC (on the card and, potentially, your phone). That's what I end up using most often these days anyway

Re: Swiping left on magnetic stripes

#16

Post by tpmx »

FridayoLeary wrote: post #11
tpmx wrote: post #6

So most of my current cards (in Europe) have 3 interaction methods: In order of decreasing readability/communication reliability: 1. Magnetic stripe 2. NFC 3. EMV The EMV ("chip") method is the least insecure, but lately all of my cards have been started oxidating. And it seems like the pogo pins in almost all readers also started wearing out too. Chip reader failures have become very common lately. It's very common…

You can request a new card from your bank, you will get it probably within a week. Problems solved.

Sure, but it doesn't solve the worn out card EMV reader problem.

Re: Swiping left on magnetic stripes

#17

Post by aidenn0 »

the_mitsuhiko wrote: post #8

I'm pretty sure the magstripe is already somewhat disabled over here. My debit mastercard refuses to work outside of the European union unless I disable the geo locking in the banking app, and when my chip was broken the readers kept telling me to put the chip in.

In the US, many POS terminals refuse to use the stripe until there have been 3 failed chip reads.

Re: Swiping left on magnetic stripes

#19

Post by w3ll_w3ll_w3ll »

tpmx wrote: post #6

So most of my current cards (in Europe) have 3 interaction methods: In order of decreasing readability/communication reliability: 1. Magnetic stripe 2. NFC 3. EMV The EMV ("chip") method is the least insecure, but lately all of my cards have been started oxidating. And it seems like the pogo pins in almost all readers also started wearing out too. Chip reader failures have become very common lately. It's very common…

NFC (EMV Mode) is partially encrypted and much more secure than magnetic stripe
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