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Post by cadoodlebug on Jul 19, 2014 18:59:55 GMT
I know our fellow Peas who live in Europe and other places are used to have a chip for security but it's just catching on in the US because of the cost to replace billions of credit cards. Thank you American Express for making my card safer!
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Post by tania7424 on Jul 19, 2014 19:03:05 GMT
Once you have chip readers everywhere it's so much faster, too!
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Post by tania7424 on Jul 19, 2014 19:04:13 GMT
I will say I have a checking account with an American bank and it's so weird to not see a chip on my Visa Debit. All of my Canadian cards have chip technology.
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Post by gale w on Jul 19, 2014 19:04:21 GMT
Is this the same as "blink"? I requested my cards without blink after seeing a news story about how easy it is for the info from them to be stolen.
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Post by cadoodlebug on Jul 19, 2014 19:05:48 GMT
Is this the same as "blink"? I requested my cards without blink after seeing a news story about how easy it is for the info from them to be stolen. |
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Post by gale w on Jul 19, 2014 19:06:07 GMT
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Post by Sam on Jul 19, 2014 19:08:15 GMT
I know our fellow Peas who live in Europe and other places are used to have a chip for security but it's just catching on in the US because of the cost to replace billions of credit cards. LOL - I looked at the title and knew what you meant, but it is still strange for us as it's been around for so long. It always feels strange when we go over to the US and see that most (many) people still sign for purchases as you hardly ever see that now here.....welcome to the 'new age'!  |
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Post by tania7424 on Jul 19, 2014 19:10:41 GMT
Up here it's called flash. It's also limited to $25 and under transactions, and once you hit $100 in a 24 hour period, you have to insert your card. So, very handy for paying for a coffee, not for paying for groceries, say.
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Post by tania7424 on Jul 19, 2014 19:11:26 GMT
Also, the card has to actually make contact with the reader/pin pad for it to work. You tap the screen with your card.
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Post by cadoodlebug on Jul 19, 2014 19:15:03 GMT
In all honesty I wasn't excited about being able to use it faster, I am more excited about it being more secure.
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Post by lumo on Jul 19, 2014 19:15:44 GMT
Is this the same as "blink"? I requested my cards without blink after seeing a news story about how easy it is for the info from them to be stolen. I'm not sure about blink specifically, but it sounds like the rfid chips that some cards have. The chip-and-signature cards like the OP received are not the same. |
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Dalai Mama
Drama Llama
La Pea Boheme
Posts: 6,985
Jun 26, 2014 0:31:31 GMT
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Post by Dalai Mama on Jul 19, 2014 19:16:14 GMT
I'm not overly worried about PayPass - as the article says, it only allows one fraudulent transaction, transactions are typically kept below $100 and the proximity required to read the RFID is a few centimetres. That and my wallet has a built-in Faraday cage.
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Post by Sam on Jul 19, 2014 19:17:10 GMT
Up here it's called flash. It's also limited to $25 and under transactions, and once you hit $100 in a 24 hour period, you have to insert your card. So, very handy for paying for a coffee, not for paying for groceries, say. I'm not sure that's what the OP is referring to (over here we have 'contactless' which sounds similar to what you are referencing) - I thought it was just the embedded chip, the gold bit on your card that still goes into the card reader? Or am I wrong? it's just that a chip and pin with an authorisation that low just doesn't seem right! |
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Dalai Mama
Drama Llama
La Pea Boheme
Posts: 6,985
Jun 26, 2014 0:31:31 GMT
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Post by Dalai Mama on Jul 19, 2014 19:19:19 GMT
Up here it's called flash. It's also limited to $25 and under transactions, and once you hit $100 in a 24 hour period, you have to insert your card. So, very handy for paying for a coffee, not for paying for groceries, say. We call it 'Tap' and a lot of places allow $50 or $100 transactions so I use it a lot for groceries. Personally, I love it. ETA - Sam, we're talking about two different functions, the ICC, which is the gold chip that requires PIN input and the RFID, which you wave over the machine. In Canada, our cards have both. |
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Post by cadoodlebug on Jul 19, 2014 19:49:31 GMT
Up here it's called flash. It's also limited to $25 and under transactions, and once you hit $100 in a 24 hour period, you have to insert your card. So, very handy for paying for a coffee, not for paying for groceries, say. Or am I wrong? it's just that a chip and pin with an authorisation that low just doesn't seem right! |
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Post by Sam on Jul 19, 2014 19:53:57 GMT
The chip is what I'm talking about, I don't know about that other stuff everyone is talking about. Forget about the other stuff...be happy with the chip....the 'other stuff' is your next great banking adventure when it comes along!  (with contactless, you just kind of wave your card across a reader and it does what it does! ) |
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Deleted
Posts: 0
Oct 6, 2024 0:30:03 GMT
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Post by Deleted on Jul 19, 2014 20:27:45 GMT
You'll find it so much quicker and easier Joy. Make sure you memorise you pin rather than write it down anywhere. We can change the given pins over here to our own choice on an ATM machine if we so wish.
The contactless cards over here are more in line with debit cards linked to your bank cheque account rather than credit cards. There's a limit of £20 for each transaction and they will ask you to enter your pin for security reasons on the fifth consecutive payment on the same day.
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peabay
Prolific Pea
Posts: 9,891
Jun 25, 2014 19:50:41 GMT
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Post by peabay on Jul 19, 2014 20:30:14 GMT
My husband travels to Europe a lot, so he's had the chip for a long time. He got me mine a while back because he felt so strongly about it. I was so glad to have it when all the trouble went down last year.
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Post by flanz on Jul 19, 2014 21:12:19 GMT
I've never been offered a card with an embedded chip here in the US, but they are all over Canada and my cards are remarked upon for not having chips.
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Deleted
Posts: 0
Oct 6, 2024 0:30:03 GMT
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Post by Deleted on Jul 19, 2014 21:17:35 GMT
But don't the retailers have to have a different CC machine to be able to use the chip part of the card? We were told we would have to upgrade our whole CC system to be able to take these types of CCs. Or at least use them the way they are supposed to be used.
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Post by tania7424 on Jul 19, 2014 21:28:24 GMT
But don't the retailers have to have a different CC machine to be able to use the chip part of the card? We were told we would have to upgrade our whole CC system to be able to take these types of CCs. Or at least use them the way they are supposed to be used. I've noticed shopping in the US, a lot of retailers already have them, but are not online with chip and pin technology yet. I can use my Canadian debit in most places, but have to swipe, I can't insert it even though there is a slot in the reader for it. Look at the bottom of the reader/display/keypad. If there's a slot, it's good to go as soon as they get it online. |
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Post by tania7424 on Jul 19, 2014 21:31:47 GMT
Like this. The slot at the bottom is for chip cards.  I chose that image, because most retailers have a similar style of machine. Most Canadian merchants have one like this:  |
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Post by librarylady on Jul 19, 2014 22:19:09 GMT
Ours arrived in late May. To date, only one retail establishment that we frequent has had a chip reader. |
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Post by gar on Jul 19, 2014 22:23:08 GMT
The 2nd image is the type we have in the UK. We slot the card in to the bottom.
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Post by GamGam on Jul 19, 2014 22:30:04 GMT
I've had my chip card for a couple of months, but the only retailer here using it as a reader. Is Walmart.
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Post by cadoodlebug on Jul 19, 2014 23:15:00 GMT
But don't the retailers have to have a different CC machine to be able to use the chip part of the card? We were told we would have to upgrade our whole CC system to be able to take these types of CCs. Or at least use them the way they are supposed to be used. |
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Post by roundtwo on Jul 20, 2014 0:10:26 GMT
I was recently in the US on a holiday and I knew my chip part of my card would not work but what really threw me off was when I was at a restaurant and they took my card to the back or where ever to put through the transaction. I just didn't think the process through - of course without the chip, there wouldn't be a machine to come to my table. It quite freaked me out to be honest, as I know that is how many instances of fraud occur.
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*Marjorie*
Full Member
Posts: 360
Location: Hawaii
Jun 26, 2014 16:43:45 GMT
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Post by *Marjorie* on Jul 20, 2014 0:20:11 GMT
I was in Walmart yesterday and a lady had to put her card in the bottom of the machine. I was wondering what was going on. Now I know. LOL
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*Marjorie*
Full Member
Posts: 360
Location: Hawaii
Jun 26, 2014 16:43:45 GMT
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Post by *Marjorie* on Jul 20, 2014 0:24:23 GMT
I just checked my Amex card and it has a chip. I've had it for a while now and never realized.  |
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quiltz
Drama Llama
Posts: 6,840
Location: CANADA
Jun 29, 2014 16:13:28 GMT
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Post by quiltz on Jul 20, 2014 0:27:15 GMT
Welcome to the modern way of banking. The latest "trend" in banking in Canada is taking a picture of a cheque and then sending it to your account. No need to go to the bank to make the deposit. See "Tangerine banking". CIBC & TDCT also apparently have this feature on their banking app.
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