141–150 of 484 posts
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Those must have been some low-coercivity card stock. HiCo cards should be very resilient to this sort of thing.
Brand new Visa Debit card from Chase Bank. I’d have thought it was one of the good ones. I should say I’m actually not using the official Apple magnetic case but the Popwallet brand which includes a little finger holder thing. Perhaps they’re using more powerful magnets than apple.
Earlier quoted context omitted.
Those must have been some low-coercivity card stock. HiCo cards should be very resilient to this sort of thing.
Brand new Visa Debit card from Chase Bank. I’d have thought it was one of the good ones. I should say I’m actually not using the official Apple magnetic case but the Popwallet brand which includes a little finger holder thing. Perhaps they’re using more powerful magnets than apple.
> I should say I’m actually not using the official Apple magnetic case but the Popwallet brand
I don't understand why you would start this comment thread with a false statement though.
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With just about everything either chip or tap now, is there any danger in just scratching out the mag stripe of my cards?
If you go anywhere where they hold a tab open, such as a bar, you can't do that with tap/chip. Not that that's a blocker, since worst case you do a bunch of single transactions, but it's an annoyance.
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Gift economy and post-scarcity is where it's at.
Not at all what I am suggesting. The cards are very insecure and primitive and have been replaced by smart phones in most areas. One core way they are insecure is based on the main concept of the money which fails to utilize cryptography. Any money that uses cryptography to prevent the need for sharing secrets to execute transactions is a cryptocurrency. Any currency that does not use cryptography is obsolete. Using…
#1) cash works without power, #2) cash has different security and privacy pros and cons, compared to cryptocurrencies
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If you go anywhere where they hold a tab open, such as a bar, you can't do that with tap/chip. Not that that's a blocker, since worst case you do a bunch of single transactions, but it's an annoyance.
Why is that? Due to older machines used or something else?
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Well a restaurant bill is in some sense a debt for the food that was already provided.
I'd love to see what happens if I eat a meal, then say, "Sorry, I only have cash." They can be mad about it, but I don't think I'm breaking any laws by not having their preferred payment method to pay that debt, right? They can even ban me from the restaurant but—for that meal—I can't get charged with theft of services (or whatever the innkeeper laws are that relate to this situation)
I think the magnetic strip needs to go. We hardly use them in Australia to the point where one of our major banks actually has a touch reader on their machine. Some sort of one-time verification would be great. An SMS or a push notification would go a long way to making this type of scraping harder. Or eliminate the card altogether - Cardless Cash.
Not sure I understand what you mean. NFC readers?
Not just one, every merchant bank and payments terminal operator supports NFC.
I haven't seen a terminal that doesn't accept NFC for years.
Is anyone else annoyed that: - We could have had chip & PIN, but for some reason (I'm guessing it's to do with how merchants take the hit for card fraud and VISA + MC think having to punch in a few numbers each sale will lead to fewer sales) - Those tap targets on CC readers sometimes aren't where the antenna is, and you have to rub your card all over the reader to get it to work? - Chip transactions take way longer…
Contactless transactions using your phone are fast, secure and easy. Over time they will replace almost all current usage of chip & pin or magnetic stripe.
Earlier quoted context omitted.
With just about everything either chip or tap now, is there any danger in just scratching out the mag stripe of my cards?
If you go anywhere where they hold a tab open, such as a bar, you can't do that with tap/chip. Not that that's a blocker, since worst case you do a bunch of single transactions, but it's an annoyance.