Extremely outdated US credit cards are to be replaced. - Polidicks

[QUOTE]These credit cards are dinosaurs. Every credit card in the U.S. will be replaced by October 2015 with new cards that contain the chip-and-PIN technology that the rest of the world has had for years, according to the Wall Street Journal. Both Visa and MasterCard are committed to the switch, which will render extinct the plastic in your wallets and purses right now. No more black magnetic stripes; no more signing on the dotted line. Americans who have traveled to Europe in recent years will know that the U.S.'s credit card system is embarrassingly old-fashioned by comparison. It's often difficult to use American credit cards abroad because the Europeans abandoned magnetic stripes and signatures years ago — they were too easily hacked. Credit and debit cards in the U.S. are about 10 years behind the rest of the world.[/QUOTE] [url]http://finance.yahoo.com/news/american-sign-swipe-credit-cards-145220287.html[/url]

christ, you guys don't have chip & pin?!

[QUOTE=codenamecueball;43836082]christ, you guys don't have chip & pin?![/QUOTE] DONT TRY TO FORCE YER DIRTY BRIT CUISINE ON US

Chip and pin tech is actually a pain in the ass. A lot of card readers fail to read them at the checkouts and you have to spend a few minutes sticking your card in over and over a few times until you can get them to work. A much better technology would be the visa tap, all you do is tap your card on the reader and everything gets paid for. And there is a default $100 daily limit on the card for tap in case it gets stolen.

[QUOTE=codenamecueball;43836082]christ, you guys don't have chip & pin?![/QUOTE] Most cards in the UK now even come with contactless for small payments

I think we must of undergone a transition to chip and pin ten years ago (or at least started it).

I rarely use my credit card as is. Don't mind signing the dotted line, either.

Wait the US doesn't use chip and pin? Madness Anyway welcome to about ten years ago [editline]8th February 2014[/editline] [QUOTE=ultra_bright;43836120]Chip and pin tech is actually a pain in the ass. A lot of card readers fail to read them at the checkouts and you have to spend a few minutes sticking your card in over and over a few times until you can get them to work.[/QUOTE] Nonsense, I've been using chip and pin since I was old enough to have my own bank account. Only ever had one issue with it where I just needed a replacement card

[QUOTE=ultra_bright;43836120]Chip and pin tech is actually a pain in the ass. A lot of card readers fail to read them at the checkouts and you have to spend a few minutes sticking your card in over and over a few times until you can get them to work. A much better technology would be the visa tap, all you do is tap your card on the reader and everything gets paid for. And there is a default $100 daily limit on the card for tap in case it gets stolen.[/QUOTE] My card has chip & tap. It has never once failed on the chip, whereas the swipe on my old card would always fail.

wait, so in the US merchants actually check the signature on the back of the card?

[QUOTE=codenamecueball;43836082]christ, you guys don't have chip & pin?![/QUOTE] Its actually funny because we don't have chip & pin, but our consumer protection laws and systems are much better than European ones. I'd have to look it up but I think in England, you have to actually literally fax or mail a letter to get your card replaced and cancelled.

[QUOTE=ultra_bright;43836120]Chip and pin tech is actually a pain in the ass. A lot of card readers fail to read them at the checkouts and you have to spend a few minutes sticking your card in over and over a few times until you can get them to work. A much better technology would be the visa tap, all you do is tap your card on the reader and everything gets paid for. And there is a default $100 daily limit on the card for tap in case it gets stolen.[/QUOTE] Never had an issue with C&P to be honest. Felt odd being in America last summer where they have the C&P machines in quite a few stores, but all you can do is sign :v:

[QUOTE=codenamecueball;43836082]christ, you guys don't have chip & pin?![/QUOTE] Canada does. At least my Credit Card does. Problem is, hardly any stores use chip/pin forcing us to use the mag-strip instead.

[QUOTE=Swilly;43836207]Its actually funny because we don't have chip & pin, but our consumer protection laws and systems are much better than European ones. I'd have to look it up but I think in England, you have to actually literally fax or mail and letter to get your card replaced and cancelled.[/QUOTE] Nope, I can call up and get it cancelled within minutes as long as I can verify myself to my bank, with the new one in the post for next working day. Edit: Gosh breaking my automerge

[QUOTE=madjawa;43836202]wait, so in the US merchants actually check the signature on the back of the card?[/QUOTE] Some do, it depends. Some places you will have to physically hand them the card if they don't have a card reader for the consumer to use at the counter/register.

[QUOTE=Swilly;43836207]Its actually funny because we don't have chip & pin, but our consumer protection laws and systems are much better than European ones. I'd have to look it up but I think in England, you have to actually literally fax or mail a letter to get your card replaced and cancelled.[/QUOTE] I disagree, in the EU consumers have a lot of rights. And even more with products bought online.

[QUOTE=Teddi Orange;43836224]Nope, I can call up and get it replaced within minutes as long as I can verify myself to my bank. Edit: Gosh breaking my automerge[/QUOTE] Guess I gotta look it up again. NPR did this large article about it aft- [quote=NPR]"If there's fraud, the issue is who pays for it; is it me or is it the bank? And if the bank is running the system, then I want the bank to pay for the fraud," Anderson says. "American citizens are lucky because [since the 1970s and early 1980s, they have] very strong consumer protection in the form of Regulation E, Regulation Z and various decided court cases." If U.S. cardholders become victims of credit card fraud, they can call their bank and be done with it, losing at most $50 or so. In the U.K., for instance, cardholders have to write a letter to file their claim. "The U.S. is ahead in terms of consumer protection, and if you're thinking about the public interest and how things affect you as a bank customer, that's by far the most important thing," Anderson says. "How the banks use technical mechanisms to limit their own exposure then simply becomes an engineering problem for them to solve." He says this consumer protection is why online shopping took off in the U.S.[/quote] Here we go. [URL="http://www.npr.org/blogs/alltechconsidered/2013/12/19/255558139/outdated-magnetic-strips-how-u-s-credit-card-security-lags"]Link.[/URL]

[QUOTE=reevezy67;43836168]My card has chip & tap. It has never once failed on the chip, whereas the swipe on my old card would always fail.[/QUOTE] It is ridiculously easy to damage the swipe as well! I had a new card for two months after my previous swipe had gotten damaged but then the swipe bar on that snapped off right along the edge. My credit is seriously held together by scotch tape even though I only ever use it for chip/tap [QUOTE=ultra_bright;43836258]Come shop at a walmart that has readers that take chip and pin. Not only does it take a lot longer than swiping, it fails to work the first three times for about %40 of the customers.[/QUOTE] Got to be honest, half the time I see that I imagine it's the user's fault. Only exceptions being when there is a store-wide issue with the system.

[QUOTE=reevezy67;43836168]My card has chip & tap. It has never once failed on the chip, whereas the swipe on my old card would always fail.[/QUOTE] Come shop at a walmart that has readers that take chip and pin. Not only does it take a lot longer than swiping, it fails to work the first three times for about %40 of the customers.

[QUOTE=Swilly;43836207]Its actually funny because we don't have chip & pin, but our consumer protection laws and systems are much better than European ones. I'd have to look it up but I think in England, you have to actually literally fax or mail a letter to get your card replaced and cancelled.[/QUOTE] No you don't, two minute phone call and it's cancelled immediately and a replacement is sent out. In the meantime you can withdraw money at their bank with any form of ID.

[QUOTE=madjawa;43836202]wait, so in the US merchants actually check the signature on the back of the card?[/QUOTE] Nah. We just swipe and if the card is stolen, we let the law deal with it later. You'd be amazed by how few shits people in the US give about their personal privacy, for all their complaining over personal privacy. I've had women come up to me, try to buy something with their husband's card, but they needed his social security for some reason or another. They could recite it perfectly, first shot. Same thing with guys buying stuff with their wife's card.

And every time I went shopping in the states, all they did was swipe my card and that's it. No signing anything, no entering pins, nothing.

[QUOTE=Swilly;43836246]Guess I gotta look it up again. NPR did this large article about it aft- Here we go. [URL="http://www.npr.org/blogs/alltechconsidered/2013/12/19/255558139/outdated-magnetic-strips-how-u-s-credit-card-security-lags"]Link.[/URL][/QUOTE] I can assure you that you don't have to write a letter.

[QUOTE=ultra_bright;43836258]Come shop at a walmart that has readers that take chip and pin. Not only does it take a lot longer than swiping, it fails to work the first three times for about %40 of the customers.[/QUOTE] Chip and Pin takes 5 seconds and never fails, what are you talking about.

[QUOTE=Wiggles;43836293]I can assure you that you don't have to write a letter.[/QUOTE] I'm just going off the article says, this is about claims not replacement.

[QUOTE=Coffee;43836297]Chip and Pin takes 5 seconds and never fails, what are you talking about.[/QUOTE] I deal with hundreds of customers about every day. A lot of the times the readers for chip and pin's are garbage for the big box stores. I would know.

[QUOTE=ultra_bright;43836258]Come shop at a walmart that has readers that take chip and pin. Not only does it take a lot longer than swiping, it fails to work the first three times for about %40 of the customers.[/QUOTE] Different cards/readers maybe? I've never seen one fail in Australia, ever.

[QUOTE=ultra_bright;43836317]I deal with hundreds of customers about every day. A lot of the times the readers for chip and pin's are garbage for the big box stores. I would know.[/QUOTE] I live in the UK, and I've never seen one fail unless the person using it put the card in the wrong way. You must have broken/cheap ones that need replacing.

[QUOTE=ultra_bright;43836258]Come shop at a walmart that has readers that take chip and pin. Not only does it take a lot longer than swiping, it fails to work the first three times for about %40 of the customers.[/QUOTE] The Walmarts I've been to have had chip and pin, and not once has it failed for me.

I had no clue this whole time. How embarrassing.