It seems to take a couple of extra seconds to process the transaction, compared to a swipe. I'm surprised that this bothers me so much. I might use Apple Pay more often if this doesn't get improved.
EMV Switch This Week Could Threaten Many Businesses in U.S
21–30 of 59 posts
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#22Earlier quoted context omitted.
The local Walmart setup chip & signature a couple of months ago. Magstripe transactions are denied by default on my card that has the chip.
I noticed this recently as well at Walmart. Tried to swipe my card and it didn't work, swiped again and it didn't work. Finally bothered to read the error message, which was "Insert Card into Slot at Bottom of Terminal." My experience in Europe has been with Chip and PIN, I wonder why we're gravitating toward Chip and Signature.
Me, too. Found http://krebsonsecurity.com/2014/10/chip-pin-vs-chip-signatur...
"Most card issuing banks and Visa don’t want PINs because the PINs can be stolen and used with the magnetic stripe data on the same cards (that also have a chip card) to withdraw cash from ATM machines. Banks eat the ATM fraud costs. This scenario has happened with the roll-out of chip cards with PIN – in Europe and in Canada."
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#23I guess I'm not surprised by the lack of EMV capable card readers I still see in the US. Having worked in this space in the past, I am always checking out the payment terminals at the stored I visit. I've even seen some larger merchants that I frequent upgrade their PIN pads recently but to non-EMV capable models. If the big-box stores aren't getting it done there is little hope for the mom & pop type stores who will…
Yesterday, for the first time Home Depot's reader required inserting my card as opposed to just a swipe.
Same here. I just relocated to Austin and have been making frequent trips to Home Depot and they must have just turned it on because one day I could swipe, the next I had to insert.
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#24It's depressing to see the US still treating EMV cards like a strange exotic novelty while Europe is already upgrading those again and moving to NFC-enabled cards after EMV has worked without any major issues for 20 years . For small, repeated transactions you just hold the card to the reader and are done in 1-3 seconds. The first transaction on each reader and random transactions every 20-50$ (and all transactions a…
More like 10 years. UK + Europe rollout of chip+pin/EMV + incentivised liability shift was around 2005/2006, and has reduced card fraud by around 70% in most countries. Contactless/NFC payment facilities have been pretty widespread (at least in the UK) since 2010 or so, and since the last couple of years or so are pretty much ubiquitous. I suspect that America being so backwards in this respect has a lot to do with t…
German rollout was in 2000.
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#25It's depressing to see the US still treating EMV cards like a strange exotic novelty while Europe is already upgrading those again and moving to NFC-enabled cards after EMV has worked without any major issues for 20 years . For small, repeated transactions you just hold the card to the reader and are done in 1-3 seconds. The first transaction on each reader and random transactions every 20-50$ (and all transactions a…
We're not on the metric system, man.
We are backwards as fuck.
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#26Earlier quoted context omitted.
More like 10 years. UK + Europe rollout of chip+pin/EMV + incentivised liability shift was around 2005/2006, and has reduced card fraud by around 70% in most countries. Contactless/NFC payment facilities have been pretty widespread (at least in the UK) since 2010 or so, and since the last couple of years or so are pretty much ubiquitous. I suspect that America being so backwards in this respect has a lot to do with t…
German rollout was in 2000.
According to Russians, the German rollout was in 1941.
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#27Earlier quoted context omitted.
Yesterday, for the first time Home Depot's reader required inserting my card as opposed to just a swipe.
Same here. I just relocated to Austin and have been making frequent trips to Home Depot and they must have just turned it on because one day I could swipe, the next I had to insert.
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Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#28Yep had chips for decades already in Europe (it's not called "EMV" here though, just a chip afaik).
I don't know who is liable in Europe for fraud (shop or bank), but, about the article, I find it odd, the chips should be more secure, so why are banks giving the responsibility of fraud to merchants while not for the insecure magstripes? The banks should be able to trust their own chips right?
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#29EMV cards are a big improvement for security but the UX is a step big back from mag swipes. Here's an example from a recent stop at the ATM.
* I dipped my card and then was told to reinsert the card and leave it in for the duration of the transaction. I wonder how long it will take for me to insert/leave by default instead of dipping.
* The machine mechanically locked my card into the slot until I had taken my cash, I wonder how more frequently people are going to leave their cards in the ATM now. Also, what happens if the power goes out or the machine crashes?
* It seems that some EMV cards have multiple "Applications" on them and it's impossible to tell which one should be used in which context. When I inserted my card, the ATM presented me with a menu asking be to select between "US DEBT" and "VISA DEBT" I had no idea which one to choose, and had to pick one, try to make a withdrawal, fail, and then choose the other one to take out cash. I don't remember which one worked, and if that's the one I should use in other locations.
Re: EMV Switch This Week Could Threaten Many Businesses in U.S
#30Earlier quoted context omitted.
More like 10 years. UK + Europe rollout of chip+pin/EMV + incentivised liability shift was around 2005/2006, and has reduced card fraud by around 70% in most countries. Contactless/NFC payment facilities have been pretty widespread (at least in the UK) since 2010 or so, and since the last couple of years or so are pretty much ubiquitous. I suspect that America being so backwards in this respect has a lot to do with t…
German rollout was in 2000.
France had them in the early 90's.