151–158 of 158 posts
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totally. one of my housemates reads and writes magnetic strips for fun. we buy a couple memberships to something and then duplicate the cards to share.
we buy a couple memberships to something and then duplicate the cards to share Hey that does sound fun, it also sounds like criminal fraud.
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I didn't vote you down, but giving them the benefit of the doubt, why don't you think they would address this obvious concern from the start?
because it's impossible to address. You are doing everything on another person's gadget. Any verification Square can come up with, can be bypassed by simply not implementing it. Verified icon? Easy JPG Encoded credit card #s? Who said the fraudsters would need to use your tool? Square Verified badge? Easily copied. It basically boils down to trust issue, early on, consumers will just be unaware of how vulnerable they…
The Square system is like me handing over a pot with all my money in it and saying "take what you like". Whilst the above is akin to me passing the money to an esscrow (my bank) and them checking it is OK and telling the receiver of the funds.
Sure a fraudster can get hold of a fake merchant ID and encode the transaction value, ID and their merchant ID with an acquired private key - but that merchant ID can just be locked when fraud is spotted and decrypting the data off the wire is going to require lots of resources.
What am I missing.
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we buy a couple memberships to something and then duplicate the cards to share Hey that does sound fun, it also sounds like criminal fraud.
It's really no more criminal than sharing the physical card by passing it around, though the law may disagree.
Earlier quoted context omitted.
we buy a couple memberships to something and then duplicate the cards to share Hey that does sound fun, it also sounds like criminal fraud.
It's really no more criminal than sharing the physical card by passing it around, though the law may disagree.
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well, what makes an official looking device safe? ATM and gas station skimming is a big issue. do they do restaurant payments different in the UK? would you simply hand your card over to a waiter to pay a bill? what prevents the waiter from just writing down your info? you wouldn't even see a device there. i think that its just an issue of trust. you won't necessarily trust someone with a hacked together device on a…
Generally we don't let our cards out of our sight. Indeed most of the time I handle my own card and it's only rarely that a shop assistant will handle it. (So writing down info isn't a big concern). The portable POS devices allow the customer to tip as well BTW. "They" don't run cards much any more. It's a case of consumers putting their own cards into chip+pin devices and keying in their PIN. Sure @ disputes, we hav…
also, what are your thoughts on online purchases? you're relinquishing a certain degree of control there, too.
disputing isn't fun or convenient, but if it wasn't there or it was worse, i don't know that the CC system would be as popular or successful. its one of the reasons why debit cards had a rocky start.
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It's really no more criminal than sharing the physical card by passing it around, though the law may disagree.
You know, words have definitions. If you and the law disagree about what's criminal, the law is correct.
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I've seen only a couple restaurants in NYC where the waiters have portable card readers. And if they roll out person-to-person, this would be a whole lot nicer than, say, having your friend write you a check.
Really?? Maybe this is a European thing, but here in London every restaurant has a number of portable card readers. (Everyone here also uses chip & pin, though, too.) As a consumer, it's awesome... much faster than the old days, and a hell of a lot easier to split the bill when you want to do that.
Perhaps the London merchants are required or otherwise incentivized to use portable ones?