Hey we just got chip and pin like 5 years ago, this technology is just moving to fast!
In the U.S., many shoppers and retailers are just getting used to chip and pin payments, which have slowly rolled out across the country in recent years. As of 2015, merchants and credit card issuers became liable if fraud occurred and they had not enabled chip technology. Kelsey Sheehy, author at personal finance website NerdWallet, said this put “financial skin in the game” for banks and stores to issue and install new chip cards and readers.
Um, before we in Australia got contactless cards around half a decade ago, we used chip and pin for at least another who-knows-how-long before that? Is this article seriously suggesting that not even chip and pin is well-established in America?
I honestly had no idea these were even a thing until I went on a trip to the UK. There, everybody had these and cashiers would look at me funny when I would have to insert the card for chip and pin.
I don't even use or carry cards anymore.
Everything is on my phone and I just use my phone's contactless.
America only just got chip and pin and they're only now realising what contactless is? wtf why?
It's so not established that despite there banks and payment processors fining retailers that don't use it, people still don't use it.
How did you even pay with card before chip and pin? Did the cashier have to copy down the card number, expiry date and 3 digit security code on the back?
I’m 24 years old, and have had a debit card since I was probably 11, but I have only ever known chip and pin, and contactless.
This. All major banks here have apps that can use NFC om your phone to make payments. Only personal downside is that making payments has become too easy. I am spending too much...
When I went to Canada they seemed to be all contactless surprised US is so behind.
Before the chip you'd just slide the card through the reader, I still forget I have to use the chip sometimes
Hardly surprising considering they still use fucking paper money lmao
Ever wonder what that black strip on the back of credit cards is?
It's a magnetic encoding of your card data, a more primitive way of delivering the info in the chip.
And before electronic transactions took over the retail space so you could swipe with the magnetic strip, if you wanted to pay by credit card, the cashier would get out one of these big fuckers and a sheet, lay your card on the tray, lay the sheet over it, and slam the moving head over top back and forth to imprint the raised text on the card onto the multiple layers of the slip. The consumer would be given their card back and given the un-separated sheet to sign under their card details, authorizing the transaction. They would then get to keep a receipt and the rest would be kept by the business to keep a copy for their records and send the rest back to the credit card company to get their actual money for your card payment. It was like paying by check but the store creates the paperwork and you just plug your card and signature in.
i ain't got contactless yet but my card expires this year so i'll have one sent to me then
Yeah but esp. in China they leapfrogged cards and went straight to ~99% adoption of smartphone payments
not to mention even here in the states I use Apple Pay (or Google Pay when I'm on my 'droid) more than my card anymore
This isn't an America example, but when I was in Japan last year, occasionally some card readers would have a contactless. Whenever I went to use it, cashiers corrected me, saying, 'oh, no, insert', only to immediately be surprised when it successfully boops and works. So I reckon it's not just the US that have been leapfrogged by other countries.
Probably because mobile payments became a thing, and because of the increasing use of services like Apple Pay, Google Pay, and Samsung Pay (the latter of which works with even non contactless panels), I guess credit card companies finally decided "why the fuck not."
And yes, even though chip has become increasingly more common, there are still people who are still using just pure magstripe cards over here. Heck, I still have the occasional customer who just switched to chip and swipes by default, and then is confused when it tells them to "insert chip."
As for why it's taken the US so long to catch up with the rest of the world? I dunno. Maybe it's due to small business being slow to update or not seeing much of a reason to because "magstripe still works so I don't need to spend money on a new reader." I couldn't really tell you.
Christ it feels like when I have a new thing, people are already on the next level.
Not that I didn't have a card yet, I did but it sucked because it didn't let me do a shitload of stuff.
I did however recently start using online banking throughthe phone app. Never liked it because of old man ideas, despite even my dad using it. Never going back now, its soooo gooood.
Contactless though, haven't got that yet. I think there aren't systems that widely available yet.
Okay. I'm surprised that Japan of all places is a tad backwards sometimes.
Sure there are some retailers in NZ(like dairies and very very small shops that barely get any customers) that still won't do contactless because it costs and they have to start accepting credit cards vs EFTPOS/Debit.
I know a company that actually stopped supporting them in NZ because it was costing too much on the processing fees.
IMO. If the fees dropped there would be faster adoption. There would be literally no reason not to say no to the feature.
America, the land of drive through ATMs, somehow falling behind on debit card technology.
I still don't see people using it here
Japan seems to like holding onto the physical from what I hear, cash is used much more frequently than cards and common travel advice I've gotten is always carry around cash with you because a lot of non-chain food places won't take cards, Japanese businesses still use a lot of physical paperwork rather than digital, etc.
Yes, they apparently used the magnet strip up to very recently. I learned that last time my bank card got renewed and it came with contactless paying and I searched for a way to deactivate it. Found american guides that told me to cut away a piece of the card to cut the circuit, which would disable the chip too. The guides just went on saying that you can still use the magnetic strip and that there is few to none shops where you can pay with chip anyway.
Totally suprised, because I have used chip ever since I first got a card at 15, and I do not remember my parents every using the strip since I was 6-8 years old.
I never deactivated the contactless paying btw because to do so I need to call my bank and I am too much of an introvert with social anxiety to do that.
America is also still using a very complicated measuring system even still
(19' ~ 8, 3/16") minus (26' ~ 2, 15/16)
That's 6' ~ 6, 3/4"
Or in metric, that's 6 - 8, which is 2
Guess which one the rest of the world uses
Congrats guys welcome to 2019
you mean 2010
We swiped the card along a stripe reader slot and - if the card was debit rather than credit - then we entered a PIN, which is what America was primarily on up until a couple years ago. A lot of cards here still only have the stripe, so machines are outfitted with both the chip reader and swipe slot yet. I actually have an old debit card of mine right here. It's from the early 2010s, and didn't even have the chip yet...
That thing on the left is an anti-counterfeit hologram. Which - to be fair - I always thought was also the purpose of the raised numbers, which were eliminated a few years before I got mine. The slammy boy that @elix was talking about was long-obsolete at least. I'm 27 and I never saw one of those being used. Guess the old raised-lettering thing was just an artifact of that era.
But I'll be honest, I wasn't even aware the chip wasn't the latest standard anymore until I opened this article. I knew contactless cards existed, but I thought those were just a high-end novelty like people who can tap their phones to pay, rather than the expected standard.
Honestly America is always behind tech that everyone uses
I use my Apple Pay all the time. Always usually have my phone in my hand it's so convenient. Getting my card out involves getting my wallet out and finding which slot my card's in today.
If I use my card nowadays it's usually:
If my Apple Pay isn't working well (e.g. fingerprint scanner not working well because finger sweaty or something)
Getting on a bus or at a bar to show my intention of wanting to pay by card.
Most cashiers nowadays in the UK at least know you want to pay by Apple/Google pay by just holding your phone near the reader.
Now also implement this into NYC subways, funny how you could tell who isn't or is a New Yorker by the way they're able to quickly swipe through the turnstiles, for whatever otherly power that dictates whether or not the card is read, you can tell who's a tourist when they're baffled and testing varies different swipe speeds to get through. Not only that, there are just a crap load of ass hats who pick up a bunch of discarded cards and would scratch the magnetic tape in hopes it reads someone elses card and let them through. If there are any NYC FP'ers here, I'm sure they've found this perfect swipe speed that works atleast 95 percent of the time.
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