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Visa's marketing opt-out has been down for over a week. Is this a legal issue?

marketingreportoptout.visa.com

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Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#21

Post by briffle »

djrogers wrote: post #11
derefr wrote: post #5

Earlier quoted context omitted.

You say that as if it would be a CapEx-laden technological hurdle for Visa, MasterCard, etc. to implement chip-and-pin. But these same companies are already issuing 100% chip-and-pin (plus tap) cards in every market other than the US. If you want to blame anyone, blame the vendors of US ATMs and POS systems. Without their support, and a willingness to push through a deprecation/replacement of older hardware, chip-and…

> But these same companies are already issuing 100% chip-and-pin (plus tap) cards in every market other than the US. Citation please? I haven't seen a non-chip-and-pin card issued here in the US for at least 5 years (probably even longer), and that includes my tiny local bank..

Yep, the rules were, for chip and pin fraud, the liablility was no longer on the retailer, but still was for swipe fraud. So there was a HUGE push from retail customers to get chip-and-pin in place to cut down on the amount of chargebacks, etc.

https://pointofsale.com/chip-card-vs-magnetic-stripe-card/

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#22

Post by xxpor »

anonymousiam wrote: post #15
Johnny555 wrote: post #13

Earlier quoted context omitted.

The credit card companies make so much money that reimbursing fraudulent transactions is almost a rounding error The credit card companies (i.e. Visa) don't reimburse fraud, they leave that to the issuing banks (i.e. Chase, Capital One, etc.... whoever you got your card from)

American Express handles their own fraud cases. Their cards are generally not issued by banks. I have no association with them other than being a card member since 1982, but their customer service is far better than Visa/MC, and yes, you can get a card from them with no annual fees + perks.

The card is still issued by a bank, the bank is called American Express National Bank. Someone has to extend the actual credit.

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#23

Post by cryo78 »

encryptluks2 wrote: post #19
gordon_freeman wrote: post #6

Earlier quoted context omitted.

or enough people or someone "influential" start to complain on social media and it gets enough traction.

Quoted post unavailable.

Why do you believe that everything the government does is nefarious? If you really believe your government is after you and everyone else you can try to change it or leave the country. The one option that doesn’t change anything is posting unrelated comments on the web. How is the government informing people bad? Are schools bad? Universities?

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#24

Post by anonymousiam »

djrogers wrote: post #11
derefr wrote: post #5

Earlier quoted context omitted.

You say that as if it would be a CapEx-laden technological hurdle for Visa, MasterCard, etc. to implement chip-and-pin. But these same companies are already issuing 100% chip-and-pin (plus tap) cards in every market other than the US. If you want to blame anyone, blame the vendors of US ATMs and POS systems. Without their support, and a willingness to push through a deprecation/replacement of older hardware, chip-and…

> But these same companies are already issuing 100% chip-and-pin (plus tap) cards in every market other than the US. Citation please? I haven't seen a non-chip-and-pin card issued here in the US for at least 5 years (probably even longer), and that includes my tiny local bank..

As recently as three years ago I still had two (ATM/Visa Debit) cards with no chip. They were both issued by credit unions. I know this was after the 10/1/2015 "deadline" (https://www.nbcnews.com/tech/tech-news/what-october-1-chip-a...), but I think debit cards were given a later deadline.

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#25

Post by azinman2 »

docflabby wrote: post #4

Nah cos big corps just do what they want with no penalties unless they piss off enough people that the politicans feel like they need to make a point.. ...we're well into gangster capitalism now

You say gangster capitalism. I also hear late stage capitalism and other such modifiers being thrown around a lot.

When has power ever been limited? Certainly not in any communist society that’s existed so far, nor under feudalism, or even earlier capitalist societies to my knowledge (did the Roman’s not have this problem?).

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#27

Post by starwind »

nxm wrote: post #20
anonymousiam wrote: post #15

Earlier quoted context omitted.

American Express handles their own fraud cases. Their cards are generally not issued by banks. I have no association with them other than being a card member since 1982, but their customer service is far better than Visa/MC, and yes, you can get a card from them with no annual fees + perks.

Unfortunately at a bigger cost to the merchant, which hurts in case of small businesses

AmEx has special rates small businesses can apply for that keep the credit card transaction fees pretty competitive

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#28

Post by twunde »

dave5104 wrote: post #12
sbysb wrote: post #9

Earlier quoted context omitted.

This must be regional because I have been using a chip-and-pin card for the last 5 years and I cannot for the life of me remember the last time I had to physically swipe the card. Tap support is definitely still spotty but that is something that is more of a convenience than a security issue

I also can't remember the last time I had to swipe a card where I am in the US. I also prefer using Apple Pay, and tbh, can't remember the last time I had to use my physical card.

It's still relatively common to have to swipe cards at gas stations in the US when you're buying gas. And a fair amount of the parking meters may still be on swipe (NYC meters outside of Manhattan come to mind). The places that haven't upgraded are ones with a lot of POS stations to upgrade.

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#29

Post by LeifCarrotson »

ksenzee wrote: post #17
derefr wrote: post #5

Earlier quoted context omitted.

You say that as if it would be a CapEx-laden technological hurdle for Visa, MasterCard, etc. to implement chip-and-pin. But these same companies are already issuing 100% chip-and-pin (plus tap) cards in every market other than the US. If you want to blame anyone, blame the vendors of US ATMs and POS systems. Without their support, and a willingness to push through a deprecation/replacement of older hardware, chip-and…

Er, how often do you visit? We've had widespread chip-reading terminals in the US for almost a decade.

The ones which are widespread are just "chip-and-choice", where you can use the chip and sign a paper receipt. They usually come with a magstripe backup...the chip is just used to read the card number instead of the magstripe. Pretty worthless.

True chip-and-pin cards and terminals will generate a cryptogram that authenticates the individual transaction. You type in the PIN code, and only then will the terminal communicate with the EMV microchip in the card and allow the transaction to complete.

Re: Visa's marketing opt-out has been down for over a week. Is this a legal issue?

#30

Post by pjerem »

derefr wrote: post #5
mikece wrote: post #3

The credit card companies make so much money that reimbursing fraudulent transactions is almost a rounding error -- which is why they aren't in a rush to spend the money to implement chip and PIN security. Given this attitude I'm guessing someone already ran the cost/benefit analysis of pivoting engineering teams to fix the opt-out website versus just paying a fine -- and that paying lawyers to contest any fine they…

You say that as if it would be a CapEx-laden technological hurdle for Visa, MasterCard, etc. to implement chip-and-pin. But these same companies are already issuing 100% chip-and-pin (plus tap) cards in every market other than the US. If you want to blame anyone, blame the vendors of US ATMs and POS systems. Without their support, and a willingness to push through a deprecation/replacement of older hardware, chip-and…

right. We have Visa / Mastercard cards with chip and pin in France since the 90´s

I always thought that its absence in the US (until pretty recently) was a cultural thing, not a technical thing.

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