301–310 of 581 posts
Credit card companies have been doing stand-ins to support offline transactions for ages. Mainly the reason why you pay a high interest rate on your credit card.
I don’t wanna freak anybody out, but we had offline card payments decades ago. Especially back before online payments existed.
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What’s fascinating (apart from the sound those things made is still in my head) is that the very nature of the technology meant who could and could not get credit varied. At first (1950 diners card onwards) only well off could use it at limited establishments (ie restaurants) and they would postal deliver lists of cars - initially white lists of valid card owners and later hot lists of delinquent card owners. Stick y…
I think it was normal that you had to show ID that matched the card name, and compare the signatures too. Now the signatures are just a spot to draw something funny.
I last used a carbon credit card in the early 00s. Electronic swipe and sign for a credit card had gone pretty much everywhere I went except the US by about 2010
Chipknip (a portmanteau of chip card and knip, Dutch for purse) was a stored-value payment card system used in the Netherlands. Based on the Belgian Proton system, it was started by Interpay on 26 October 1995, as a pilot project in the city of Arnhem and a year later rolled out countrywide. Chipknip was taken over by Currence due to a restructuring on 17 May 2005, who managed it with their licensees until its discontinuation on 1 January 2015. The Chipknip was primarily used for small retail transactions, as the card could contain a maximum value of 500 euros. The money needed to be transferred from a card holders main bank account using a loading station which were generally located next to ATMs.
In the Netherlands we had an extra chip on our cards a while back called "chipknip" for offline payments. Didn't work because you had to charge it separately. Chipknip (a portmanteau of chip card and knip, Dutch for purse) was a stored-value payment card system used in the Netherlands. Based on the Belgian Proton system, it was started by Interpay on 26 October 1995, as a pilot project in the city of Arnhem and a yea…
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Why don’t you pay the transaction fee every time you use your card or whatever then? Why should the merchant foot the bill?
Having a cash register and handling cash costs money too, doesn't it? It's just a cost of doing business.
And you didn’t answer why you shouldn’t pay that fee.
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US domestic? I've found it's somewhat rare to see here in the EU, but there are a few airlines that offer it.
Yes, most of my flying experience is US domestic. While I expected differences, I didn't expect this one
It's not about paying by cash but paying by card offline. How is this going to be implemented I wonder. On planes they often accept credit cards even when there's no internet. I assume this is a trust in-credit-based system because they don't accept debit cards, i.e. if you are worth being trusted with a card you can have your sandwich now and we will take care of the bank processing once we are on the ground. So may…