MasterCard chip and PIN hits 88 percent in US, but merchant support still slim

Discussion in 'other security issues & news' started by ronjor, Sep 12, 2016.

  1. ronjor

    ronjor Global Moderator

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    Liam Tung (CSO Online) on 13 September, 2016 04:41
     
  2. TairikuOkami

    TairikuOkami Registered Member

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    Slovakia
    I have not used chip and PIN for years, I use contactless only, I do not think, I would even know, how to put a card into the terminal.
    I especially love the small sticker with a wolfy, I put it to the tiny pocket on jeans, easily accessible, very fast and convenient use.
     
  3. Palancar

    Palancar Registered Member

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    I wish the next president (either one) would simply stand firm on NO magnetic strip transactions will be legal to process. I am not trying to appear radical, but using a magnetic strip is like driving with a blindfold on and then wondering why you had an accident. I actually get a little miffed when I pull out my chip card and the merchant's machine has a note that the chip is not supported yet. Really??

    If our Congress can't get this done maybe MC and Visa could get together and start charging a small percentage higher fee for non-chip use. If the big box stores had to pay 0.25% more for non-chip they would have the chip reader activated overnight.
     
  4. Minimalist

    Minimalist Registered Member

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    Each year millions of Americans suffer from credit card fraud. So why did card issuers cut corners on card safety?
    http://www.salon.com/2016/10/07/who...given-you-a-fraud-safe-credit-card-but-didnt/
     
  5. quietman

    quietman Registered Member

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    Earth .... occasionally
    Given the levels of commerce in the USA , I am always astounded at how slow financial institutions are
    at keeping up with new developments in transaction security .
     
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