Chip credit cards coming to the USA. Wait what?

[Bouzoo]

Even we got NFC (iirc its up to 15€ here) cards last year as well... and everyone in europe knows the only thing this country has in terms of technological advancements is the most tractors per capita

 

That would mean you have some land to cultivate.    Ba dum tsss! I'm sorry, had to poke you neighbor. No hard feelings 

On topic: I've had a card with a chip for 10 years, and we're advanced as... actually we're not advanced.

Edited May 21, 2015 by Bouzoo

[Birdhunter]

Seriously?

I have NFC (Paywave) for about 4 Years now and my first Bank-Card A DECADE AGO already had chip+pin!

And if some other countries (looking at you, United Kingdom, Ireland, and France), would get their act together, we could've gotten rid of cheques Years ago.

Yes, here's a culture-shock for ya:

Cheques are not accepted in almost all stores in Europe! Many Banks have also stopped issuing them years ago.

[TroubleKlef]

YAH FUCK AMERICA DUMB PATRIOTIC HICKS! /s

 

Although chip and pin would have been preferred, the market is moving to mobile payments so this will all be null and void soon enough.

[SirRoderick]

As much as I like piling onto the old yankee-bash train, how bout we dial it back just a bit eh?

[RazeG3SG1]

Yes, here's a culture-shock for ya:

Cheques are not accepted in almost all stores in Europe! Many Banks have also stopped issuing them years ago.

What? I understand shop don't accept cheque. What about business to business transactions?

[Dabombinable]

Ok....Australia's had chips in their credit cards for years, and America is only just getting them now?

[ShadowCaptain]

As much as I like piling onto the old yankee-bash train, how bout we dial it back just a bit eh?

 

how about no

[mr moose]

Ok....Australia's had chips in their credit cards for years, and America is only just getting them now?

 

What do you expect? Australia gave the world wifi.  

[Admire]

It's almost like Murica is trying to make fraud easier

[Bouzoo]

It's almost like Murica is trying to make fraud easier

 

Fixed! 

[Valentyn]

Sounded good at first but they blew it with the PIN Chip + Signature part.

Just have people remember 4 damn numbers. It is not that hard and increases security tremendously.

 

That's so bloody idiotic on their part!

 

I can only remember once instance my family had issues with cards, and that was in Northern Ireland. My old man's South African credit card was signature based, and not a single place we went to used the system. It was Chip & PIN or GTFO.

Hell here in Ireland our cards are getting equipped with NFC as well. America really needs to get onboard with the rest of the world. A half arse Chip system is not going to cut it at all.

[silberdrachi]

So a lot of people dont understand why this is happening i think. A few years back they passed a law (set to activate in the coming year) in the US that basically said if any of your customers are victems of fraud the company will be liable for all damages incurred so long as the fraud couldve been prevented by using an authentication type like chip&pin.

 

Thats why a lot of people (including me) have been recieving new cards with the chips in the past few months, or whenever your card expires.

 

Yeah its old tech, and yes for now its chip&signature, but i discussed this with a few of my card companies and they stated that after a few years of roll out of the system they were planning to switch to chip&pin. This is partially because very few locations in the US actually have machines that support chip and pin (local supermarket just got all new machines just for that) and they dont want to roll out a system that can only be fully used in some locations. Other good news though is that many of these big banks/credit suppliers are offering money/discounts for businesses to get the machines at a cheaper price than they would normally.

 

Also people talking about NFC payments, most the stores do take NFC, but putting them in CC costs extra money and companies dont want to pay for that.

 

TL;DR: Yes its an old system, but its hard to roll out something like this across an entire nation the size of the US.

[mr moose]

So a lot of people dont understand why this is happening i think. A few years back they passed a law (set to activate in the coming year) in the US that basically said if any of your customers are victems of fraud the company will be liable for all damages incurred so long as the fraud couldve been prevented by using an authentication type like chip&pin.

 

Thats why a lot of people (including me) have been recieving new cards with the chips in the past few months, or whenever your card expires.

 

Yeah its old tech, and yes for now its chip&signature, but i discussed this with a few of my card companies and they stated that after a few years of roll out of the system they were planning to switch to chip&pin. This is partially because very few locations in the US actually have machines that support chip and pin (local supermarket just got all new machines just for that) and they dont want to roll out a system that can only be fully used in some locations. Other good news though is that many of these big banks/credit suppliers are offering money/discounts for businesses to get the machines at a cheaper price than they would normally.

 

Also people talking about NFC payments, most the stores do take NFC, but putting them in CC costs extra money and companies dont want to pay for that.

 

TL;DR: Yes its an old system, but its hard to roll out something like this across an entire nation the size of the US.

 

Most people don't care what forced the companies into finally doing it, they could have done it years ago, the rest of the world already has. There are no roadblocks to rolling it out due to size, because if 90% of America can upgrade their smartphone every year then half that number can afford a $100 EFTPOS machine every 2 years.  Hell I can even get this one and start charging anywhere I want. It's only $99.

 

I think the US is just scared of change, who else still uses feet and inch's? or miles and gallons?

[Dredgy]

Can't remember the last time I used the chip in my card, it's been NFC for the last...4 years I think? Not entirely sure it's possible here to get a Visa, Mastercard or Amex that doesn't come with NFC.

 

And I'm in Australia.

[silberdrachi]

Most people don't care what forced the companies into finally doing it, they could have done it years ago, the rest of the world already has. There are no roadblocks to rolling it out due to size, because if 90% of America can upgrade their smartphone every year then half that number can afford a $100 EFTPOS machine every 2 years.  Hell I can even get this one and start charging anywhere I want. It's only $99.

 

I think the US is just scared of change, who else still uses feet and inch's? or miles and gallons?

 

Im not saying its shitty that its taken so long, and will take longer to be fully rolled out. Im just saying there is reasons why it hasnt been done until they were forced to. And to a small business even 100 bucks a machine is more than they want to spend considering how shitty the market has been recently. There are businesses folding up all over the place and no one wants to spend money they dont have to.

 

I guess what people arent understanding is the reason it was never done before is because it didnt really matter to anyone before. If there was any fraud the companies and the users were reimbursed through a fund and everyone just moved on. Sure it was shitty doing paperwork for a month but after that no one cared. There was no reason to spend the money to upgrade the infrasturucre that 300m+ people used daily (not to mention tourism) because it wouldnt save money for the companies. What this law is doing is removing that incentive to push the industry forward. Now it will actually cost them money if something goes wrong.

[ObeseWalrus]

Yeah, we've had that in Denmark for a long time. We are going to NFC payments now.

[ofr057]

 

To avoid forcing people to remember yet another password for their credit cards, the US will be starting with the Chip and Signature method, more reminiscent of the current method. This less-secure protocol simply uses your signature to authenticate purchases, which isn’t great because many retailers don’t even bother to check if the signature on the card matches the one you give them.

thats weird because Australia recently moved away from people signing as its easier to steal from and getting people to use a pin

[LukaP]

thats weird because Australia recently moved away from people signing as its easier to steal from and getting people to use a pin

Thats the point. They make it seem like its an advancement, but then do a retarded thing like that. Id rather not have a card than have one that works using a signature method

[Dredgy]

Thats the point. They make it seem like its an advancement, but then do a retarded thing like that. Id rather not have a card than have one that works using a signature method

 

It's not even legal here for a signature card now I think about it. A few times after the switchover, my Amex reverted by default to signature, and a few days later American Express would phone me and abuse me for signing.

[JaSoN_XzIoN]

Wait what? I'm in South Africa and I haven't seen a card without needing a pin in 3 or 4 years! And we are so behind our machine still uses a dialup connection

[MrRavens]

Can we all just give the US a round of applause. *claps*

[Godlygamer23]

I'm also baffled by the signature methode. Last time I visted the US, I could write whatever siganture I wanted. Notbody checked if it was correct.

Because no one cares.

[Thony]

And in Denmark we are moving away from chips credit cards and implementing NFC chips in them insted.

I'm also baffled by the signature methode. Last time I visted the US, I could write whatever siganture I wanted. Nobody checked if it was correct.

Nobody in UK cares either, I don't even have a sig on my current card lol.

[xeromynd]

Lost my Chase Debit card a few weeks ago, got my new one and it had this 'revolutionary' tech in it.

 

Guess they weren't going to tell anyone about it or advertise it.

 

But seriously, how hard is it to remember your goddamn pin. If you can't keep your own debit card pin, ssn, and maybe one or two main passwords in your head, I dunno what to tell you.

 

And in Denmark we are moving away from chips credit cards and implementing NFC chips in them insted.

 

I'm also baffled by the signature methode. Last time I visted the US, I could write whatever siganture I wanted. Nobody checked if it was correct.

 

Confirmed, no one cares lol

[Peacefulwarrior]

And in Denmark we are moving away from chips credit cards and implementing NFC chips in them insted.

 

I'm also baffled by the signature methode. Last time I visted the US, I could write whatever siganture I wanted. Nobody checked if it was correct.

As an experiment, somebody decided to draw nothing but penises as the signature for an entire month before finally the credit card company thought something was wrong with the signature.