It benefits me and 1/3 of Americans who own a Passport and 60 million Americans that travel internationally every year with the benefit of not having their cards rejected because we have no chip.
Besides, chip and PIN not being safe is akin to saying the vault in the bank ain't safe because it can be opened with a rocket launcher.
@yumifukuzawa1 Exactly this. I will gladly take a card that can be used hassle-free abroad over a card like this which provides absolutely nothing but a symbolic gimmick. At the very least, offer it to me as an option.
And while I do know of the "middle man" way to crack chip-and-PIN, it doesn't compare to how ridiculously easy it is to clone the piece of audio tape from the 70s glued to the back of our cards. And as a current owner of a frozen card due to fraud, waiting for a replacement...
"The Second Generation of Credit Cards" has been here for a few years... called Chip-and-PIN. Well, it hasn't been "here" as in the United States, because our banks apparently would rather distract their customers with shiny lights and purely symbolic rewards "choices" than bring about actual improvement in security and convenience.
Not to mention that these cards are near-useless across Europe... and, in six months, Canada.
@DamnCactus chip and pin also provide customers with hassle of remebering a PIN number, and if CC companies already cover non-authorized transactions, I don't see how customers benefit from chip and pin AT ALL.
@mrblob20 To defeat fraud and identity theft? Any shmo with $300 worth of equipment off of eBay can make a perfect clone of a magnetic stripe nowadays. And if even if you don't have to pay for non-authorized transactions, someone has to pay the price: the retailers and merchants. If someone buys $500 worth of say, computer equipment from me with a cloned credit card, guess what, I'm the one that gets to eat the loss; I'm out $500 of sale and I'm out $500 worth of goods to sell!
Yeah, then educate yourself on credit card fraud. There are EASY ways to tell if a card is fake. Millions of customers shouldn't have to suffer because YOU aren't trained to detect fraud.
Here's the problem, it has been shown that Chip and Pin can be forged just you tube it. Also anyone can look over your shoulder and take your pin and card and take out cash advances galore. Then the banks will turn around and say You gave your your pin good luck and fuck off.
@mrblob20 And do you think the Target and Walmart going to spend millions in training their minimum wage workers to become experts in credit card detection? Yeah, sure. If they were experts to begin with, they wouldn't have a job as a cashier at Target or Walmart.
@yumifukuzawa1 What was my original argument? It DOES NOT benefit the consumer in any way. Of course retailers will benefit, and the cc companies will benefit as they will see reduced fraud and in turn will pay out less.
Snore, more like 1.5G. So I can have one junk card instead of four junk cards in my wallet that STILL won't be accepted outside the US. News flash, Citibank? MAGNETIC STRIPES ARE BEING PHASED OUT ALL OVER THE WORLD!! I'd rather have a hybrid card that has chip-and-PIN, a contactless NFC payment, and a magnetic stripe on the back than this piece of junk.
It benefits me and 1/3 of Americans who own a Passport and 60 million Americans that travel internationally every year with the benefit of not having their cards rejected because we have no chip.
Besides, chip and PIN not being safe is akin to saying the vault in the bank ain't safe because it can be opened with a rocket launcher.
yumifukuzawa1 1 year ago
@yumifukuzawa1 Exactly this. I will gladly take a card that can be used hassle-free abroad over a card like this which provides absolutely nothing but a symbolic gimmick. At the very least, offer it to me as an option.
And while I do know of the "middle man" way to crack chip-and-PIN, it doesn't compare to how ridiculously easy it is to clone the piece of audio tape from the 70s glued to the back of our cards. And as a current owner of a frozen card due to fraud, waiting for a replacement...
DamnCactus 1 year ago
"The Second Generation of Credit Cards" has been here for a few years... called Chip-and-PIN. Well, it hasn't been "here" as in the United States, because our banks apparently would rather distract their customers with shiny lights and purely symbolic rewards "choices" than bring about actual improvement in security and convenience.
Not to mention that these cards are near-useless across Europe... and, in six months, Canada.
DamnCactus 1 year ago
@DamnCactus chip and pin also provide customers with hassle of remebering a PIN number, and if CC companies already cover non-authorized transactions, I don't see how customers benefit from chip and pin AT ALL.
mrblob20 1 year ago
@mrblob20 To defeat fraud and identity theft? Any shmo with $300 worth of equipment off of eBay can make a perfect clone of a magnetic stripe nowadays. And if even if you don't have to pay for non-authorized transactions, someone has to pay the price: the retailers and merchants. If someone buys $500 worth of say, computer equipment from me with a cloned credit card, guess what, I'm the one that gets to eat the loss; I'm out $500 of sale and I'm out $500 worth of goods to sell!
yumifukuzawa1 1 year ago
@yumifukuzawa1
Yeah, then educate yourself on credit card fraud. There are EASY ways to tell if a card is fake. Millions of customers shouldn't have to suffer because YOU aren't trained to detect fraud.
Here's the problem, it has been shown that Chip and Pin can be forged just you tube it. Also anyone can look over your shoulder and take your pin and card and take out cash advances galore. Then the banks will turn around and say You gave your your pin good luck and fuck off.
mrblob20 1 year ago
@mrblob20 And do you think the Target and Walmart going to spend millions in training their minimum wage workers to become experts in credit card detection? Yeah, sure. If they were experts to begin with, they wouldn't have a job as a cashier at Target or Walmart.
yumifukuzawa1 1 year ago
@yumifukuzawa1 What was my original argument? It DOES NOT benefit the consumer in any way. Of course retailers will benefit, and the cc companies will benefit as they will see reduced fraud and in turn will pay out less.
mrblob20 1 year ago
Snore, more like 1.5G. So I can have one junk card instead of four junk cards in my wallet that STILL won't be accepted outside the US. News flash, Citibank? MAGNETIC STRIPES ARE BEING PHASED OUT ALL OVER THE WORLD!! I'd rather have a hybrid card that has chip-and-PIN, a contactless NFC payment, and a magnetic stripe on the back than this piece of junk.
yumifukuzawa1 1 year ago
Comment removed
yumifukuzawa1 1 year ago