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"No More Swiping: New Credit Cards Designed To Reduce Theft" - Page 4

post #91 of 96
Quote:
Originally Posted by ONEFORALL View Post

We have used these things in finland like ten years. Much better system than stripes. And nfc readers in cards are now here so you just show your card in the machine and it reads it by contact.

wait, timeout, you're actually from Finland?
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post #92 of 96
Quote:
Originally Posted by MikeTysontheKiller View Post

wait, timeout, you're actually from Finland?
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Yeah? nerd.gif
post #93 of 96
a lot of you people have reading comprehension issues...

this technology is NOT new...and it is still vulnerable and has already been hacked...

this thread/article is about the United States and a lot of the businesses there neglecting to upgrade their systems from swipe only to insert chip machines...

probably because it COSTS MONEY to upgrade to those machines...

so the credit card companies have implemented a deadline to upgrade or else no insurance on items you sold to a fraudster...because right now as it works original owner of the CC gets their money back, the company who sold the goods gets their money for the items given to the fraudster...so its a win-win for the business...you sell more stuff and if it is fraud you get it the money regardless..

so the credit card companies are pushing for these guys to upgrade their security measures (insert is more secure than swipe)...

as a business who is insured regardless of the fraud, why the hell would i care if a scammer is swiping thousands of dollars worth of stuff...its still items sold and money received...

so all the credit card company is doing is from losing money to losing less money due to fraudsters...the retail and business side has avoided the upgrade because they get their money back regardless and sell items to fraudsters...
post #94 of 96
Quote:
Originally Posted by StephenB View Post

No thanks,cash is king...


pimp.gif

haven't had a credit card for 4 years...been straight cash...only use debit card once a month to put money in the bank for automated payments...

always have a wad of cash on me 1-2k usually....never need a card nor a debit card...

and no...no one has tested me, tried me, robbed me etc...

you just have to be aware of your surrounding...im not in the hood flossing 2k...
post #95 of 96
Thread Starter 
Quote:
Originally Posted by copped View Post

a lot of you people have reading comprehension issues...

this technology is NOT new...and it is still vulnerable and has already been hacked...

this thread/article is about the United States and a lot of the businesses there neglecting to upgrade their systems from swipe only to insert chip machines...

probably because it COSTS MONEY to upgrade to those machines...

so the credit card companies have implemented a deadline to upgrade or else no insurance on items you sold to a fraudster...because right now as it works original owner of the CC gets their money back, the company who sold the goods gets their money for the items given to the fraudster...so its a win-win for the business...you sell more stuff and if it is fraud you get it the money regardless..

so the credit card companies are pushing for these guys to upgrade their security measures (insert is more secure than swipe)...

as a business who is insured regardless of the fraud, why the hell would i care if a scammer is swiping thousands of dollars worth of stuff...its still items sold and money received...

so all the credit card company is doing is from losing money to losing less money due to fraudsters...the retail and business side has avoided the upgrade because they get their money back regardless and sell items to fraudsters...

How do you, and the companies get their money back regardless? Insurance that comes from elsewhere, and not from the credit card companies? If that's the case then it seems like there's no incentive like you said. And yet companies are still moving to these chip readers. Why?
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post #96 of 96
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