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

[al audi]

pretty soon robots will take over these jobs anyway can't fight automation

Pardon me, won't we all be dead by the time this actually happens?

 

[jjs07]

I've had my card w/ the chip since late summer (Wells Fargo, FTW). I've seen a ton of businesses w/ the new card readers, but only Target has been the one to have their technology working to accept it.

*Gotta co-sign Wells Fargo being the best bank I've dealt with. This goes back to the Wachovia days. They are EXTREMELY proactive with card distribution and won't wait for you to call...they'll ship you one ASAP if they feel as though it's the most secure means of CC payment on the market.

 

[teamjordan79]

"Reduce" theft ...not eliminate.

What these credit card companies don't tell you is that their centralized server structure is the reason their system is so vulnerable. This tech is from the 50's though and will face increasing competition from mobile payments.

 

[capital sb]

I don't mess with major banks. CU's only for me.

Navy rolled out the new cards during the summer, but for CCs only so far.

 

[kingfoamnyc]

Can't wait until Apple Pay is accepted everywhere, much faster than the chip. Chip only works at target and walmart.

Samsung Pay is already accepted everywhere

 

[capital sb]

Samsung Pay is already accepted everywhere

That can't be true when the NFC machines aren't even activated everywhere.

 

[Kobekobe]

Samsung Pay is already accepted everywhere

That can't be true when the NFC machines aren't even activated everywhere.

Samsung doesn't use nfc.

Anyways.. This has been around in Canada for years. When I go shopping in the U.S., I look at the terminal to find where to insert the card lol

 

[capital sb]

Samsung doesn't use nfc.

Anyways.. This has been around in Canada for years. When I go shopping in the U.S., I look at the terminal to find where to insert the card lol

Actually it uses MST and NFC. I thought that it used NFC only, but that is Android Pay.

Once these big retailers payment system monopoly ends NFC will be everywhere.

 

[snaggykicks]

Over here in germany they been using those new ATM Cards.

 

[snaggykicks]

Just another step before them RFID implants
View media item 1731850

These are already being used overseas

Mark of the beast coming soon.

 

[Lovetohate3000]

Pardon me, won't we all be dead by the time this actually happens?

if youre like late 50s probably. if your 20-30s no....

Just another step before them RFID implants



These are already being used overseas

disturbs me thinking about this..... 

 

[Fozz]

If the option to swipe my card is still available, I most likely will continue to do that lol.

I have a iPhone 6 Plus and I have yet to experience using ApplePay.

 

[frank mucus]

Been using Samsung Pay and it is

 

[mangudai954]

This is a new thread? Lol ive been using EMV all year hell even Wal Mart been up on this. Where yall live

This isn't new...just poorly implemented.

This isn't about it being new so much as its about the deadline for U.S. businesses to use them being today if they want to continue having fraud protection.

 

[T Lo Sweater]

London been doing this

When i was there no one swiped at all

 

[miketysonthekiller]

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?

 

[oneforall]

wait, timeout, you're actually from Finland?

Yeah?

 

[copped]

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...

 

[copped]

No thanks,cash is king...

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...

 

[mangudai954]

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?

 

[Bend_The_Knee]