The first wave of proposed chip+PIN cards in the US was slated to have magstripes as a fallback mechanism. The agreement between the retailer and the credit network would have placed all liability for fraudulent or reversed transactions on the party using outdated tech.
Merchants did not like this,
That's the system today, so I don't see why the merchants would be so upset.
CurrentC is "wanted" because it pushes all liability onto the user, with none on the retailer or credit network (partly because there is no "credit network" in the CurrentC system). All systems with a credit network know that if they screw the user, the user will flee. So all the credit networks push as much risk as possible on the merchant, and accept the rest. $50 is the maximum on the user, and nearly all limit that to $0, so long as the user acts reasonably.
Stripe and PIN is treated as "safe" as chip+PIN here. Stripe or chip and sign isn't "safe" And yes, you can use chip and sign in Europe (And elsewhere around with world with chip+PIN).
Every tourist. Though the US has tried its hardest to ban them, finger printing and photographing them at the border. Now they have to bring in cash, but not more than $10,000, or we'll confiscate it.
Outside the US, account numbers are not secret. They allow deposits from many other ways. You give out you account number to everyone you meet (exaggeration), and they can do deposits, but not withdrawals. So piles of apps, sites, and others will let you send money from your account to anyone. Direct bank transfer takes the place of ACH for many uses, and debit (usually with a chip card) for all the retail ACH uses.
Taking somebody's money without permission in the US is also fraud/theft.
Not if a corporation does it and claims they didn't know, despite 3 written notices and 10 recorded phone calls to that effect.
Foreigner's are always pointing out differences with the US as if they are somehow meaningful, but if you dig a little deeper it's generally not that big a difference. For instance, supposedly there are all these guns in the US which make it a dangerous place. But here, anybody can just walk into a bank. In Europe there are multiple locked doors on a bank all with 3 inches of bulletproof glas, and you have to wait to get buzzed in, only one person at a time...
I just got back from a trip to Europe. Every country in mainland Western Europe. I walked past a number of banks, and into a few. None had that layout. Here (also outside the US) there are a few banks in strip-malls with lots of walk-past traffic that have the buzzer system. But there are also some with wide open doors in opening hours, no visible security, and the tellers work at islands where people could walk behind them with ease.
In all, most banks the world-round are similar to every BofA I've ever been in. No buzzer to get in, tellers behind minor security to dissuade the crazies.
If you want to make money robbing people, rob movie theaters. Go 5 minutes after the last movie started, and take all the cash in the box office. Then run. 30 seconds, and a few hundred (possibly thousands) of dollars. Much easier than
When you only accept cash or credit, a cash discount is a credit surcharge. I think the card companies saw it that way too, and that's why you see fewer (if any) of those discounts anymore.
Are there any chip+PIN cards that don't have a magstripe? I thought they all can fall back to mag stripe if the reader doesn't support it, or the chip fails.
. Retailers should be allowed to refuse these cards,
They are. They don't. Because they'd rather take the cards and get the sale than refuse the cards and have the person go across the street. They caved and did what the users wanted. So why are they, in this case, doing the opposite of what the users want?
These are mainly in stores that also have ATMs. It'd be easier to check out, get the final number from the till, then walk to the ATM, get cash, then walk back, pay, and take your items.
When your payment plan is beaten by something like that, you messed up, seriously messed up.
Yes, and if they were the right ones to champion such a thing, they'd have done it (they didn't, so they were breached). Instead, the corporate model is "dodge responsibility" not embrace it. So I would see a "design" feature of CurrentC being pushing the risk onto the user, rather than the store. Of course that feature won't be mentioned while it's still in infancy. But look for it. It's probably there.
I haven't seen an ATM card in years. None of the banks I've dealt with recently even offer them. They *only* have debit cards, and you "buy" from the ATM or a merchant directly from your checking account. An ATM card is tied to a checking account, same as a debit card. The only difference is that ATM transactions "require" a PIN, but debit transactions don't require it. But PIN it isn't used at a debit transaction, then the merchant is liable for fraud, so it doesn't matter.
And in my experience, debit fraud is reversed in hours, not days like some claim here. Just have a savings with backup money in it, and move money from savings to checking if the account is cleaned out (after canceling the cards, of course).
And that's why I can't use US checks outside the US. Cheques from the UK are fine, even thought it's further away, but the US checking system allows reversed charges at any time, even *years* after the transaction. So many banks refuse "foreign checks" (but will accept anything but US on request), and others hold them for 45 days (the legal max), hoping if it isn't canceled by then, it won't be.
In most of the rest of the world, the ACH horror stories would be fraud, and someone could end up in jail over it. Taking someone's money without permission is fraud/theft. Unless you are in the US.
That would have been a GM, right? All cars started out that way, cars started without doors, and doors were added later, and handled separately. Toyota was the first with a single reversible key in the USA, and the others quickly followed suit, other than GM that held out for another 2 decades. So most of the "two key" stories were '70 to '2000 and involve GM.
If you see the right make and model parked in the right spot, with the large university logo on the side, why would you assume it was a stolen car and check the plates first thing? Nah, most people don't read the plates of the car they are approaching, unless they have a very common looking car, and are unsure of its location in the lot.
Nope, it was done while you were there, I was class of '95. Some "unofficial" splinter group of the SCCA group. Did you ever do any autocross there? It was the car nuts, doing it for fun, not "bad guys".
But I knew some of those. My roomie used to steal bikes. We got raided by the police once. I had two bikes in the room at the time, receipts for both, and the police didn't believe that one guy would have to bikes, even if I did have receipts and the VINs came up clean. What was funny is that he had a stolen bike in the room at the time, and the police didn't find it. Yes, he manged to hide a bicycle in a room that resembled a prison cell ( 12' by 12', all concrete construction). And no, I broke no laws by failing to turn him in, but the friends that stalled the cops outside to give him time to hide the bike did.
Nope. Vertigo is your body telling you you are moving, but your eyes disagree. I had vertigo and it was freaky. My brain was telling me I was standing on the ceiling, so I vomited for 3 days straight, until the viral infection passed. Both agreed I was moving, but they disagreed as to how and where.
Motion sickness is what you get with vertigo, as well as other issues where your senses disagree. Sensory disagreement is perceived to be a poison incident, and your body goes into "purge" mode.
Nope. "oversubscribed" doesn't mean bad service. people don't use much more when they have higher speeds. 10G can hold 100+ 1G customers without a problem. 100:1 over-subscription on DSL would be horrible. The bandwidth out is relatively cheap, about 10% of a plan price. Most of the rest is people and depreciation.
They are light on details because they expect 10+ years in court before they are allowed to hook the first person up. Why plan the color of the walls in the nursery when you are a single person with no prospects?
Many older vehicles can even be started(and stolen) with a minimal amount of knowledge and tools.
GM was the last hold-out for two keys. One for the outside and one for the inside. The idea was that someone that managed to match one of the outside keys wouldn't be able to match the inside keys. And you didn't need a "valet key" because the ignition key was the same thing, though a valet couldn't then lock it in their lot, but one would assume they were safe.
Well, back in the early '90s, Texas A&M used lots of GM, and lots of students drove GM as well. So, a group tried all their door keys in the university cars. There was a list of keys to car pairings. Copies were made of the "golden" door keys. Then they gathered the large pool of student keys, and used the golden key for the car to open the doors, and tried all the ignition keys. More copies were made, and the result was that there was a group of students with keys to about half the university's cars, based on GM's shitty security, and using nothing more "high tech" than getting a key copied at Wal-Mart or such.
That knowledge was mainly used for amusment, not harm. Find 10 of the cars (all look identical). Then swap them. The employees would go out, find a university car parked where they left a university car, and find it didn't work with their keys. Much time lost, before they'd figure out they had the wrong car, then came the start of the search for their car. http://www.nytimes.com/1992/12...
I had a popular car (name withheld to provide obscurity). I only had copies of the keys (the keys are old, and the technical "originals" were long lost). They weren't working as well as they should. I called the dealer, no way to get a key made from the original template. So I took a picture of the key, and sent it to a place that re-cuts keys based on the key, but using the standard tumbler-stops to get the new-key fit. Worked much better.
Eventually my glove-box lock failed. Since it was a convertible, that was important (I left it unlocked always, so nobody would cut the top to get in, the glove box was always locked, and the faceplate for the radio was always removed). So I ordered a new lock. They took my VIN, and when the lock came in, it came with two brand-new keys, and the lock was already keyed to go with my old keys. So, just read the VIN off your neighbor's car, and order a replacement glove box lock mechanism, and you'll get two keys to his car. At least, that worked for me. Verified the locks were never re-keyed as well.
Listening to factless whining by a Cuban exile about his homeland isn't the most impartial source. Cuba sends more doctors faster than anyone else. The US has the ability to send more faster, but chooses not to.
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The first wave of proposed chip+PIN cards in the US was slated to have magstripes as a fallback mechanism. The agreement between the retailer and the credit network would have placed all liability for fraudulent or reversed transactions on the party using outdated tech. Merchants did not like this,
That's the system today, so I don't see why the merchants would be so upset.
CurrentC is "wanted" because it pushes all liability onto the user, with none on the retailer or credit network (partly because there is no "credit network" in the CurrentC system). All systems with a credit network know that if they screw the user, the user will flee. So all the credit networks push as much risk as possible on the merchant, and accept the rest. $50 is the maximum on the user, and nearly all limit that to $0, so long as the user acts reasonably.
Stripe and PIN is treated as "safe" as chip+PIN here. Stripe or chip and sign isn't "safe" And yes, you can use chip and sign in Europe (And elsewhere around with world with chip+PIN).
Every tourist. Though the US has tried its hardest to ban them, finger printing and photographing them at the border. Now they have to bring in cash, but not more than $10,000, or we'll confiscate it.
Outside the US, account numbers are not secret. They allow deposits from many other ways. You give out you account number to everyone you meet (exaggeration), and they can do deposits, but not withdrawals. So piles of apps, sites, and others will let you send money from your account to anyone. Direct bank transfer takes the place of ACH for many uses, and debit (usually with a chip card) for all the retail ACH uses.
Taking somebody's money without permission in the US is also fraud/theft.
Not if a corporation does it and claims they didn't know, despite 3 written notices and 10 recorded phone calls to that effect.
Foreigner's are always pointing out differences with the US as if they are somehow meaningful, but if you dig a little deeper it's generally not that big a difference. For instance, supposedly there are all these guns in the US which make it a dangerous place. But here, anybody can just walk into a bank. In Europe there are multiple locked doors on a bank all with 3 inches of bulletproof glas, and you have to wait to get buzzed in, only one person at a time...
I just got back from a trip to Europe. Every country in mainland Western Europe. I walked past a number of banks, and into a few. None had that layout. Here (also outside the US) there are a few banks in strip-malls with lots of walk-past traffic that have the buzzer system. But there are also some with wide open doors in opening hours, no visible security, and the tellers work at islands where people could walk behind them with ease.
In all, most banks the world-round are similar to every BofA I've ever been in. No buzzer to get in, tellers behind minor security to dissuade the crazies.
If you want to make money robbing people, rob movie theaters. Go 5 minutes after the last movie started, and take all the cash in the box office. Then run. 30 seconds, and a few hundred (possibly thousands) of dollars. Much easier than
When you only accept cash or credit, a cash discount is a credit surcharge. I think the card companies saw it that way too, and that's why you see fewer (if any) of those discounts anymore.
Nope. The system I described required a single key car. I think all the El Caminos were 2-key systems. Not even close.
Are there any chip+PIN cards that don't have a magstripe? I thought they all can fall back to mag stripe if the reader doesn't support it, or the chip fails.
. Retailers should be allowed to refuse these cards,
They are. They don't. Because they'd rather take the cards and get the sale than refuse the cards and have the person go across the street. They caved and did what the users wanted. So why are they, in this case, doing the opposite of what the users want?
These are mainly in stores that also have ATMs. It'd be easier to check out, get the final number from the till, then walk to the ATM, get cash, then walk back, pay, and take your items.
When your payment plan is beaten by something like that, you messed up, seriously messed up.
Since surcharges are against the credit card ToS, that scheme won't work until they refuse Visa and MC as well. And that won't happen for a long time.
Yes, and if they were the right ones to champion such a thing, they'd have done it (they didn't, so they were breached). Instead, the corporate model is "dodge responsibility" not embrace it. So I would see a "design" feature of CurrentC being pushing the risk onto the user, rather than the store. Of course that feature won't be mentioned while it's still in infancy. But look for it. It's probably there.
I haven't seen an ATM card in years. None of the banks I've dealt with recently even offer them. They *only* have debit cards, and you "buy" from the ATM or a merchant directly from your checking account. An ATM card is tied to a checking account, same as a debit card. The only difference is that ATM transactions "require" a PIN, but debit transactions don't require it. But PIN it isn't used at a debit transaction, then the merchant is liable for fraud, so it doesn't matter.
And in my experience, debit fraud is reversed in hours, not days like some claim here. Just have a savings with backup money in it, and move money from savings to checking if the account is cleaned out (after canceling the cards, of course).
And that's why I can't use US checks outside the US. Cheques from the UK are fine, even thought it's further away, but the US checking system allows reversed charges at any time, even *years* after the transaction. So many banks refuse "foreign checks" (but will accept anything but US on request), and others hold them for 45 days (the legal max), hoping if it isn't canceled by then, it won't be.
In most of the rest of the world, the ACH horror stories would be fraud, and someone could end up in jail over it. Taking someone's money without permission is fraud/theft. Unless you are in the US.
That would have been a GM, right? All cars started out that way, cars started without doors, and doors were added later, and handled separately. Toyota was the first with a single reversible key in the USA, and the others quickly followed suit, other than GM that held out for another 2 decades. So most of the "two key" stories were '70 to '2000 and involve GM.
If you see the right make and model parked in the right spot, with the large university logo on the side, why would you assume it was a stolen car and check the plates first thing? Nah, most people don't read the plates of the car they are approaching, unless they have a very common looking car, and are unsure of its location in the lot.
Nope, it was done while you were there, I was class of '95. Some "unofficial" splinter group of the SCCA group. Did you ever do any autocross there? It was the car nuts, doing it for fun, not "bad guys".
But I knew some of those. My roomie used to steal bikes. We got raided by the police once. I had two bikes in the room at the time, receipts for both, and the police didn't believe that one guy would have to bikes, even if I did have receipts and the VINs came up clean. What was funny is that he had a stolen bike in the room at the time, and the police didn't find it. Yes, he manged to hide a bicycle in a room that resembled a prison cell ( 12' by 12', all concrete construction). And no, I broke no laws by failing to turn him in, but the friends that stalled the cops outside to give him time to hide the bike did.
Nope. Vertigo is your body telling you you are moving, but your eyes disagree. I had vertigo and it was freaky. My brain was telling me I was standing on the ceiling, so I vomited for 3 days straight, until the viral infection passed. Both agreed I was moving, but they disagreed as to how and where.
Motion sickness is what you get with vertigo, as well as other issues where your senses disagree. Sensory disagreement is perceived to be a poison incident, and your body goes into "purge" mode.
Nope. "oversubscribed" doesn't mean bad service. people don't use much more when they have higher speeds. 10G can hold 100+ 1G customers without a problem. 100:1 over-subscription on DSL would be horrible. The bandwidth out is relatively cheap, about 10% of a plan price. Most of the rest is people and depreciation.
They are light on details because they expect 10+ years in court before they are allowed to hook the first person up. Why plan the color of the walls in the nursery when you are a single person with no prospects?
I didn't see "government takeover" in the portions of TFA that I read. Can you point it out? At worst, the government would compete in a free market.
Many older vehicles can even be started(and stolen) with a minimal amount of knowledge and tools.
GM was the last hold-out for two keys. One for the outside and one for the inside. The idea was that someone that managed to match one of the outside keys wouldn't be able to match the inside keys. And you didn't need a "valet key" because the ignition key was the same thing, though a valet couldn't then lock it in their lot, but one would assume they were safe.
Well, back in the early '90s, Texas A&M used lots of GM, and lots of students drove GM as well. So, a group tried all their door keys in the university cars. There was a list of keys to car pairings. Copies were made of the "golden" door keys. Then they gathered the large pool of student keys, and used the golden key for the car to open the doors, and tried all the ignition keys. More copies were made, and the result was that there was a group of students with keys to about half the university's cars, based on GM's shitty security, and using nothing more "high tech" than getting a key copied at Wal-Mart or such.
That knowledge was mainly used for amusment, not harm. Find 10 of the cars (all look identical). Then swap them. The employees would go out, find a university car parked where they left a university car, and find it didn't work with their keys. Much time lost, before they'd figure out they had the wrong car, then came the start of the search for their car. http://www.nytimes.com/1992/12...
I had a popular car (name withheld to provide obscurity). I only had copies of the keys (the keys are old, and the technical "originals" were long lost). They weren't working as well as they should. I called the dealer, no way to get a key made from the original template. So I took a picture of the key, and sent it to a place that re-cuts keys based on the key, but using the standard tumbler-stops to get the new-key fit. Worked much better.
Eventually my glove-box lock failed. Since it was a convertible, that was important (I left it unlocked always, so nobody would cut the top to get in, the glove box was always locked, and the faceplate for the radio was always removed). So I ordered a new lock. They took my VIN, and when the lock came in, it came with two brand-new keys, and the lock was already keyed to go with my old keys. So, just read the VIN off your neighbor's car, and order a replacement glove box lock mechanism, and you'll get two keys to his car. At least, that worked for me. Verified the locks were never re-keyed as well.
Listening to factless whining by a Cuban exile about his homeland isn't the most impartial source. Cuba sends more doctors faster than anyone else. The US has the ability to send more faster, but chooses not to.
The travel bans to Cuba never worked, why would you think they'd work here?