Interesting indeed. I wonder what moving away from static cc numbers would look like ... an app, I would presume, much like authenticator apps?
To be honest, the creditcard as known in the US never made any sense to me. In Europe we use debitcards that we use to pay in brick and mortar shops and online, and we don't have to worry about nothing, since when we buy something online we use a digital authenticator, either a hardware token or the banking app with QR code. So only when a thief has physical access to your card and knows the PIN code, then you have a problem.
We always found it frustrating when visiting shops in Europe that didn't take credit cards! There's much about credit cards that could be improved for sure, but they're still pretty handy. I'd rather someone compromise my cc than my bank card (we had a cc compromised, likely at a gas station; the debit card would've been equally at risk). And Mastercard has always been good about handling breaches and reversing charges -- much easier to deal with than any bank! (at least here in North America)
Personally if I want to pay cashless in a shop/groceries etc, I usually use regional Android NFC based solution implemented by most banking apps in my country. As far as I know EU is going to force Apple to open iOS NFC payment API, so it will be also available on iPhone in foreseable future. I only use cards (any cards) for hotel, because that industry seems to be stuck with card-based subscription systems. I use them in virutal form though
I live in Germany and pay in shops with the Girocard. Up to 50 euros, no further authentication is usually required. Over 50 euros I have to enter a 4-digit code.
I would rather not get compromised. Someone will have to pay for damages, chargeback after all, most likely bank clients. You can try to hide CVV numer. Contactless payments should work in 99,9% of cases after all. Some people put tape on CVV numer, while others basically damage card surface. Try to not use magnetic part of it (easiest to clone). That being said I prefer banking app on my phone, if I need to pay cashless[/QUOTE]
To clarify, this isn't about creditcard vs debitcard, and whether cards are accepted or not. Obviously I also own a creditcard for trips abroad. But I was talking about ways to commit fraud, in Europe we use this system named iDEAL to buy stuff online. Without physical access to my card and knowing my PIN, you can't commit fraud. Skimming devices also don't work because all cards have chips, at least for the last 15+ years or so. So I can give you all the info that you want, like my account and passnumber, it won't do you any good. But with creditcards, you can apparantly commit fraud by stealing certain info during online checkout. And apparently it's still an issue even 30 years later. I guess I'm talking about formjacking, see second and third link. https://www.ideal.nl/en https://www.nerdwallet.com/au/credit-cards/stolen-credit-cards https://www.aura.com/learn/how-do-people-steal-credit-card-numbers Exactly my point.
