This might sound like a stretch, but I wish I could just pay without having my phone or card or cash or anything else on me. In general I'm growing weary of authentication hell, but specifically with how it all seems to come back to requiring my phone. I really wouldn't mind just keying in my account number and pin to make a payment, but of course that's just username + password and I suppose unacceptably risky. The solution I expect is for Amazon to recognized my face and bill me.
Swiping left on magnetic stripes
181–190 of 325 posts
Re: Swiping left on magnetic stripes
#182Why 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:…
Living in Europe, I genuinely had no idea cards with magnetic stripes were still in use. I thought everything used chips nowadays. I still prefer my card for contactless payments though; using my phone is not really much more convenient since my phone case holds the card anyway and it at least works consistently.
It's more convenient if you need to pay more than 25 EUR (or whatever the limit is where you live), where you need to use your PIN with contactless card.
Re: Swiping left on magnetic stripes
#183This might sound like a stretch, but I wish I could just pay without having my phone or card or cash or anything else on me. In general I'm growing weary of authentication hell, but specifically with how it all seems to come back to requiring my phone. I really wouldn't mind just keying in my account number and pin to make a payment, but of course that's just username + password and I suppose unacceptably risky. The…
Get one of these.. halo ring
https://www.bankwest.com.au/personal/ways-to-pay/bankwest-ha...
Re: Swiping left on magnetic stripes
#184Why 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:…
The USA is a big holdup. I just traveled across the country and there are still filling (petrol) stations where the only card reader is stripe. See also other comments about the stripe being a fallback for chip as chip readers on POS terminals seem to be more fragile than magnetic stripe readers. FWIW, Contactless is very hit-or-miss for me in the US; about 1/3 the time it just doesn't work at all (even with multiple…
I just now realised that's the meaning behind name Stripe (the payment processor)
Re: Swiping left on magnetic stripes
#185Why 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:…
From the card companies' perspective, the alternative to magstripe isn't contactless, it's contact (the smart card IC embedded in the physical card). In the US, the card companies convinced merchants to adopt the EMV contact standard by implementing a liability shift that would make the merchants liable for card-present magstripe fraud after a certain date. For merchants using POS terminals, the liability shift happe…
Contactless payment is also needed for Google Pay/Apple Pay (and others), which are more secure than chip and pin.
Re: Swiping left on magnetic stripes
#186Earlier quoted context omitted.
Gas stations around me (Utah) have all replaced their magstripe with a dual magstripe/chip reader. It drives me nuts though, because you still have to insert your card ALL THE WAY IN as if you're using the mag stripe, and then it decides which one to use. Are gas stations not a big target for skimmers? Why didn't they design it to avoid the magstripe-skimmers? have two inserts or something, I don't care. But now we'r…
In my area (Minneapolis), Costco is the only fuel station I've seen with actual tap to pay (and it handles the Costco membership check as well).
Some BPs have tap here too. I've seen the hardware at a couple of Speedways but it didn't work last I tried.
Re: Swiping left on magnetic stripes
#187Earlier quoted context omitted.
The USA is a big holdup. I just traveled across the country and there are still filling (petrol) stations where the only card reader is stripe. See also other comments about the stripe being a fallback for chip as chip readers on POS terminals seem to be more fragile than magnetic stripe readers. FWIW, Contactless is very hit-or-miss for me in the US; about 1/3 the time it just doesn't work at all (even with multiple…
Not just US. Take for example Germany, the largest country in EU and most places are cash-only. Although due to coronavirus adoption of different payment methods (apple pay, contactless, card, etc) has been increasing.
What is wrong with cash? It is one of the most fail proof form of payment. Stripe fail, chip fail, NFC fail, internet connection fail, phone line fail. But cash work almost all the time.
In last year, I have bailed out quite a few people stuck in the checkout lines because whatever hi tech form of payment, they were using, didn’t work and had no cash.
Re: Swiping left on magnetic stripes
#188Earlier quoted context omitted.
My, really setting themselves aggressive targets huh.
At least in Australia the magnetic stripe is already gone for all intents and purposes. I can't remember the last time I used it. The American schedule may be a little aggressive though, you guys still use cheques extensively.
> The American schedule may be a little aggressive though, you guys still use cheques extensively.
Naw, we use checks, much more convenient than cheques.
Re: Swiping left on magnetic stripes
#189Earlier quoted context omitted.
Living in Europe, I genuinely had no idea cards with magnetic stripes were still in use. I thought everything used chips nowadays. I still prefer my card for contactless payments though; using my phone is not really much more convenient since my phone case holds the card anyway and it at least works consistently.
It's more convenient if you need to pay more than 25 EUR (or whatever the limit is where you live), where you need to use your PIN with contactless card.
[deleted]
Re: Swiping left on magnetic stripes
#190Earlier quoted context omitted.
That’s just a bit on the mag strip that encodes if your card has a chip present. You can flip it with a writer and use the magnet strip again if you want. It’s quicker as one doesn’t have to wait for the Javacard OS on the chip to boot up and handshake. (Ie swipe and walk away vs insert, wait 4 seconds, remove). Wouldn’t do this on my debit card but it’s fine on credit cards with chargeback protection.
Isn't that going to lead to the transaction being denied, either by the bank (which knows there's a chip), or even the reader (does it know that all cards beginning WXYZ have chips, for example?)?
That is what should happen, but not all banks implement every fraud countermeasure.