Extremely outdated US credit cards are to be replaced.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

[QUOTE=Coffee;43836334]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] Well that's the UK. Either way swiping/tapping is a faster way to pay and easier to use.

[QUOTE=ultra_bright;43836284]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] $50 and under don't require anything where I work.

[QUOTE=Dramiek;43836335]The Walmarts I've been to have had chip and pin, and not once has it failed for me.[/QUOTE] It might not have for you, but do you work at a walmart?

[QUOTE=codenamecueball;43836082]christ, you guys don't have chip & pin?![/QUOTE] I have a chase bank debit card with the chip in it, where i just wave my card in front of the machine and it works perfectly. You can hook it up to your google wallet then wave your nexus in front of the thing to and it will get paid for also. The card also has a magnetic strip also along with the chip. You can choose to do either, depending on if the machine can read the chip in the card. Is this the same thing as a "chip and pin"

[QUOTE=Swilly;43836306]I'm just going off the article says, this is about claims not replacement.[/QUOTE] I can't find a solid article as a source at the moment, but effectively it involves filing a police report (via phone, letter or online - [URL]http://www.actionfraud.police.uk/[/URL] ). From here you contact the bank who liaise with the Police and from there you're pretty much sorted. Keep in mind as well in the UK we typically use debit over credit, so that has an entirely different set of rules.

I would like the tap and pay option tbh. The cards as they are now are really fragile as I've had my debit card for a little over a year and a half but its already split on one side. I can't wait for this to become implemented everywhere.

what is chip & pin

[QUOTE=brianosaur;43836382]I have a chase bank debit card with the chip in it, where i just wave my card in front of the machine and it works perfectly. You can hook it up to your google wallet then wave your nexus in front of the thing to and it will get paid for also. The card also has a magnetic strip also along with the chip. You can choose to do either, depending on if the machine can read the chip in the card. Is this the same thing as a "chip and pin"[/QUOTE] Yeah chip and pin is just a generic name for most forms of contactless payment in cards.

[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] And is also ridiculously insecure, I can EASILY clone your credit card using just my phone, walk past you, put my phone near your pocket with your wallet in it, copy any NFC data received, and then output it again at time of payment, and you would NEVER know until you notice your bill being unusually high, and if someone was smart about it, you wouldn't even notice that

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[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] Wireless technologies are less secure by design.[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] Two minutes on the phone cancels mine and gets me a new card and random PIN sent out to me in a couple of days.

[QUOTE=Keegs;43836422]Yeah chip and pin is just a generic name for most forms of contactless payment in cards.[/QUOTE] Not quite. Chip and pin is a security method that stores various details on a "chip" embedded on to the card as shown - [thumb]http://www.creditcards.com/credit-card-news/images/chip-n-pin.jpg[/thumb] When it comes to authorizing a payment, at the checkout you have to input the card "pin" (ie what you use at an ATM) which gets verified at the payment processors end. The idea is that it's harder to defraud (set of numbers as opposed to signature) and it's easier to identify liability. The "tap to pay" method is actually known as cash-on-tap. Effectively you can just tap a payment receiver (assuming it supports it) to immediately charge the amount required. The only problem effectively is that this is [I]easier[/I] to defraud seeing as if the card gets stolen the thief could effectively make numerous small transactions. This uses the NFC tech that's appearing more and more recently. NFC Card - [thumb]http://www.theonlinemom.com/images/nfc-credit-card.jpg[/thumb]

[QUOTE=IceWarrior98;43836216]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] I use chip in Canada, and very rarely at some places i have to use mag stripe to pay, typically chip works everywhere.

I forsee a bit of a resurgence of cash during the transition period, especially for automated things. It takes quite a while for automated machines to get updated from time to time. Some of the gas stations in my area have pumps so old they don't even have swipe readers, and most of the ones that do are using 20+ year old pumps. Can't say as I blame 'em, if it isn't broken don't fix it, but it makes me wonder how long it will take until the old magstrip is truly phased out. I also wouldn't be surprised if the first couple of generations of new chip-and-pin cards also have magstrips anyway to help make things convenient on users during the transition. I'd certainly design them that way if I was in charge of card design. [QUOTE=madjawa;43836202]wait, so in the US merchants actually check the signature on the back of the card?[/QUOTE] No, they don't. I use my mom's debit card all the time. Hell most of the time the cashier doesn't even actually look at the card itself, never leaves my hand.

[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] I think I'd rather trust the chip rather than potentially having my shit stolen by someone with an RFID sniffer.

Why is using credit cards so popular in the US anyways? In germany we use direct debit for things like our electricity bill, and hard cash to pay at the gas station, super markets, and so on (using our debit card if we're in a hurry is a popular thing though)

[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] I worked in a hotel for 3 years and the only time our chip and pin reader failed on us was when, incidentally, an american attempted to use his card. There's nothing wrong with it at all.

[QUOTE=Rents;43836450] Two minutes on the phone cancels mine and gets me a new card and random PIN sent out to me in a couple of days.[/QUOTE] That's also the case with US debit cards. Not sure about CCs though.

[QUOTE=markg06;43836519]I think I'd rather trust the chip rather than potentially having my shit stolen by someone with an RFID sniffer.[/QUOTE] Like that is ever going to happen to you. By the way they sell special wallets to protect you from that.

[QUOTE=Swilly;43836207]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]That isn't the case at all. With my bank you can report a lost or stolen card and they will cancel it and even provide a temporary pin with a maximum withdrawal limit so you can still access your cash from an ATM.

Only times I've ever seen chip and pin fail for customers is when their card is badly damage, its wet, there is something on the chip or the muppet put the card in the wrong way. I've never had to do a magnetic card transaction ever in my life. Not for myself or other customers. Magnetic strip is just so insecure and so is contactless payments, I'd rather we all just stuck to chip and pin because then no random can just scan your card and copy the details which can be done for both contactless and magnetic.

[QUOTE=NixNax123;43836409]what is chip & pin[/QUOTE] You put you card in one of these: [IMG]http://static.guim.co.uk/sys-images/Money/Pix/pictures/2008/05/23/chip460.jpg[/IMG] Enter your 4 digit pin and it takes the payment It means that if your wallet is stolen then the thief can't use your card giving you more time to call your bank and cancel it

[QUOTE=Instant Mix;43836558]I worked in a hotel for 3 years and the only time our chip and pin reader failed on us was when, incidentally, an american attempted to use his card. There's nothing wrong with it at all.[/QUOTE] The biggest pain in the ass is dealing with chip cards at my place of work. And I bet a hotel can afford some better readers than walmart or homedepot can. I'm getting tired of frustrated customers trying to fuck the card reader with their card because either the reader is bad or the card is damaged or they don't know how to use it.

[QUOTE=ultra_bright;43836591]The biggest pain in the ass is dealing with chip cards at my place of work. And I bet a hotel can afford some better readers than walmart or homedepot can.[/QUOTE] I work in the post office and I can tell you now, our card readers are the cheapest of cheap and still work fine. We've had them for 6~ years according to the manager.

[QUOTE=DrogenViech;43836537]Why is using credit cards so popular in the US anyways?[/quote] Because suburbanites see credit cards as access to money they don't have. It lets them buy ridiculously expensive bullshit they couldn't otherwise afford($75,000 brand new SUV every 3-5 years on 50K/yr? Credit cards, yo!), and the whole time they're blissfully unaware that they're racking up enough debt to rival small nations. It bites most of them in the ass, too, and has spawned an entire industry of 'debt consolidation specialists' which offer to help with the debt. Though, the same exact technology also powers debit cards, which are ridiculously convenient. And also sometimes called credit cards. Many debit cards also work as credit cards, though that requires some additional work at the bank when you open the account. [quote]In germany we use direct debit for things like our electricity bill[/quote] Same way here for the most part. Except my local water and electric companies, who for some reason are stuck in the 1970s and refuse to update their equipment to handle direct debit/autopay/paperless. Every other utility my family pays for has that option, and most of them are enabled. [quote] and hard cash to pay at the gas station, super markets, and so on (using our debit card if we're in a hurry is a popular thing though)[/QUOTE]Hard cash isn't used all that often over here. Debit and credit swipes are what's usually used. It's just way more convenient to swipe the plastic, sign/enter PIN, and go on your way than it is to rummage through your wallet counting out a specific amount of cash. I will say cash is more secure though. You forget the cash you're only out that amount of cash. You forget your debit card, someone finds it, they've suddenly drained you for every cent you have before you even know they have it.

Goddamn it. And I've only had my debt card for less than a year now.

[QUOTE=Reagy;43836610]I work in the post office and I can tell you now, our card readers are the cheapest of cheap and still work fine. We've had them for 6~ years according to the manager.[/QUOTE] Maybe I should record it and make a montage of it so you'll believe me.

[QUOTE=ultra_bright;43836638]Maybe I should record it and make a montage of it so you'll believe me.[/QUOTE] You guys must just have terrible readers or a poorly structured backend system. Knowing Walmart it's both because ASDA suffers the same over here.

[QUOTE=Reagy;43836681]You guys must just have terrible readers or a poorly structured backend system. Knowing Walmart it's both because ASDA suffers the same over here.[/QUOTE] Walmart's magstrips don't work half the time. I'm not confident they'll have any better luck with the new cards. 'Tis worth noting that most of the issues are actually on the back end, not at the POS. The servers walmart uses in each store to handle that system are very out of date and love to crash at inopportune times. Once in a while, though, it is actually the POS being a piece of shit. Source: My mom's been working there for ten years, and in the cash office for five. She knows firsthand how their system works and tends to rant about it not working fairly often.

At my work, the credit card machine uses the same electronic signals as the [I]fax[/I] protocol. Nothing like waiting 30+ seconds for a transaction to go through. Bonus if there's a huge number of people in line.