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Post by eebud on Jul 20, 2014 0:36:49 GMT
I have had a card with a chip for a while; however, Walmart and sams so far are the only stores I have been to that use the technology.
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Post by Karmady on Jul 20, 2014 1:47:00 GMT
I've had a chip for a long time in Canada. A few years at least. More and more I use my credit card for a tap purchase and then come home and pay my cc bill on my iPad. It's nice to gain points on my cc . Tapping is so quick and easy. I also belong to tangerine bank where I can take a photo of a cheque to deposit.
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Post by cadoodlebug on Jul 20, 2014 2:27:34 GMT
I also belong to tangerine bank where I can take a photo of a cheque to deposit. At least US banks have allowed us to do that for a while now.
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Post by AngieandSnoopy on Jul 20, 2014 3:22:44 GMT
Yea, we got the new readers in January but it was about April before the ICC part worked. Of course NO one told ANY of us until the next day. Good luck on them working. Now some of our registers won't read the ICC card and will NOT let them swipe...
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Post by polz on Jul 20, 2014 4:48:16 GMT
Do you have paywave? I love paywave. Just wave my card at the machine and my transaction is done in seconds. So quick. We've had chips in New Zealand for a few years. I heard because we don't have many banks that NZ is the biggest eftpos using nation in the world. I rarely carry cash. I use my card for everything - getting the newspaper, buying strawberries from the side of the road, at the thrift shop. My friend from Tennessee says that's not how it works in the US. Cash is king there.
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Post by KiwiJo on Jul 20, 2014 5:18:16 GMT
I heard because we don't have many banks that NZ is the biggest eftpos using nation in the world. I rarely carry cash. I use my card for everything - getting the newspaper, buying strawberries from the side of the road, at the thrift shop. My friend from Tennessee says that's not how it works in the US. Cash is king there. I don't carry cash much either. I think part of the reason electronic payments are so prevalent here is the way fees that the vendors pay are structured. They don't pay a percentage for eftpos payments, or an amount per transaction. Instead, i believe they pay a rental for the machine, so there is no reason for them to not accept any eftpos payment.
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Post by AussieMeg on Jul 20, 2014 5:28:54 GMT
They are the same as our chip reader machines. Then off course there are the "Tap & Go" or "Pay Pass" machines which are different again. I have to admit, I was glad when we didn't have to sign any more, then glad when we stopped having to swipe, and now I'm glad to have Tap & Go. Because I'm lazy and it's SOOOOO much easier to tap than to sign, swipe or insert!!!
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scrapaddie
Drama Llama
Posts: 5,090
Jul 8, 2014 20:17:31 GMT
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Post by scrapaddie on Jul 20, 2014 12:13:21 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.
We have this in the us.... But deposits over 2000 still have to go to the bank, at least for my bank.
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Post by annabella on Jul 20, 2014 16:36:47 GMT
When I went to Spain last summer stores had to use my card differently because I didn't have the chip. My Australians friends all had the chip too. Only the US is behind the times.
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Deleted
Posts: 0
Oct 6, 2024 0:40:13 GMT
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Post by Deleted on Jul 20, 2014 16:44:19 GMT
We've had chips on our cards for years, and between DH and I, our cards have been compromised 4 times. I don't think it really makes the cards any safer.
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paget
Drama Llama
Posts: 7,039
Jun 25, 2014 21:16:39 GMT
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Post by paget on Jul 20, 2014 16:53:08 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.
I've never heard of chip, but we have this ability in the US (to take a pic of check for deposit).
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Deleted
Posts: 0
Oct 6, 2024 0:40:13 GMT
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Post by Deleted on Jul 25, 2014 16:32:09 GMT
Just got a new MC due to a fraudulent use at walmart.com. .....and I noticed the new card does have something that looks like a chip. Interesting...not sure how to use it and there was no notification of it with the card.
I worry a bit about the swipe and go. I have to wonder if someone gets close enough to you (or your wallet) and had the right device, could they fraudulently swipe you?
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Deleted
Posts: 0
Oct 6, 2024 0:40:13 GMT
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Post by Deleted on Jul 25, 2014 16:40:04 GMT
We live close to the border and we do some shopping across the border a few times a year. The clerks can always tell we're Canadian because we asked if their machine is a chip machine, lol. I've learned not to ask but they can still always tell I'm Canadian.
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Deleted
Posts: 0
Oct 6, 2024 0:40:13 GMT
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Post by Deleted on Jul 25, 2014 17:09:14 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. Just used it at Raley's with no problem. But did you slide it just like a regular magnetic strip card? Because if so, it's not using the chip technology. It's still using the regular old magnetic strip. I've had a chip card for two or three years but I don't think I've ever come across a merchant that has the equipment to actually use the chip technology. Laws have changed and merchants do have to start implementing the chip & PIN technology soon (I want to say it's in 2015, but I am going solely on my lousy memory).
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Deleted
Posts: 0
Oct 6, 2024 0:40:13 GMT
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Post by Deleted on Jul 25, 2014 17:11:59 GMT
We've had chips on our cards for years, and between DH and I, our cards have been compromised 4 times. I don't think it really makes the cards any safer. Having the chip in the card doesn't make any difference in security if the merchants are processing them with the chip - and very few US merchants use equipment that allows them to do that. We've clung, kicking and screaming, to those damn magnetic strips. Businesses don't want to be "forced" to buy new equipment, but the price for that is rampant fraud. Now, if they are processed using the PIN & chip technology instead of the magnetic strip, they are MUCH safer. It is not my area of expertise, so I can't provide details, but I know that fraud is dramatically reduced by use of PIN & chip.
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Deleted
Posts: 0
Oct 6, 2024 0:40:13 GMT
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Post by Deleted on Jul 25, 2014 17:17:06 GMT
We've had chips on our cards for years, and between DH and I, our cards have been compromised 4 times. I don't think it really makes the cards any safer. Having the chip in the card doesn't make any difference in security if the merchants are processing them with the chip - and very few US merchants use equipment that allows them to do that. We've clung, kicking and screaming, to those damn magnetic strips. Businesses don't want to be "forced" to buy new equipment, but the price for that is rampant fraud. Now, if they are processed using the PIN & chip technology instead of the magnetic strip, they are MUCH safer. It is not my area of expertise, so I can't provide details, but I know that fraud is dramatically reduced by use of PIN & chip. Thanks! So, the individual transactions are more secure w hen a PIN and CHIP are used, but it doesn't make the card itself safer or more secure? Pretty much every place here in Canada uses the CHIP slot now. I can't even remember the last time it wasn't an option here. But, even so, my DH who doesn't use his card online had his card compromised last month and last fall, too. Perhaps he does need to use it at non-chip locations and that's where it was compromised, who knows?!
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Deleted
Posts: 0
Oct 6, 2024 0:40:13 GMT
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Post by Deleted on Jul 25, 2014 17:27:43 GMT
Thanks! So, the individual transactions are more secure w hen a PIN and CHIP are used, but it doesn't make the card itself safer or more secure? Pretty much every place here in Canada uses the CHIP slot now. I can't even remember the last time it wasn't an option here. But, even so, my DH who doesn't use his card online had his card compromised last month and last fall, too. Perhaps he does need to use it at non-chip locations and that's where it was compromised, who knows?! Here's a little bit about why it's more secure: "An EMV card is a credit card with an embedded chip and a magnetic strip. The transaction information is encoded differently every time, which makes it harder for criminals to steal data and use them for another purchase. Chip and PIN is a much more secure technology and requires the cardholder to enter a four digit Personal Identification Number (PIN) that must correspond with information on the chip. No personal information about your account is stored on the chip." But yeah, if a transaction is processed as a magnetic strip transaction, you're not getting any extra benefit security from the chip. I also just read that even though the chip technology is rolling out in the US, in some cases (like B of A issued cards), it's going to be chip and signature, not chip and PIN. Also, I have no idea if the chip offers any kind of security advantage when processing card-not-present trasnactions (like online purchases). My guess is no, but that's purely a guess. There is so much changing in this area right now. I'm really hoping the new fraud protection laws push businesses into taking fraud prevention more seriously.
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oldcrow
Pearl Clutcher
Posts: 3,828
Location: Ontario,Canada
Jun 26, 2014 12:25:29 GMT
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Post by oldcrow on Jul 25, 2014 17:31:41 GMT
I live in Canada and have had a chip card for a few years (never kept track of how long)and that is both my credit and debit cards . I do not know if they are safer - I think card readers will still work on them. And if they have your number and shop on line no pin number would be needed.
I have a sister who lives in the US. She and her husband have a grocery store and a good portion of their sales are still paid by cheque. I haven't used a cheque for a purchase in so many years I cannot remember. We use cash or debit/credit cards here.
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Post by fruitysuet on Jul 25, 2014 19:12:47 GMT
I can't remember not having a chip and pin card, must be quite a few years ago. Also many stores not don't accept cheques. My own bank account doesn't even have the option to have a cheque book.
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BarbaraUK
Drama Llama
Surrounded by my yarn stash on the NE coast of England...............!! Refupea 1702
Posts: 5,961
Location: England UK
Jun 27, 2014 12:47:11 GMT
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Post by BarbaraUK on Jul 25, 2014 20:20:27 GMT
I can't remember not having a chip and pin card, must be quite a few years ago. Also many stores not don't accept cheques. My own bank account doesn't even have the option to have a cheque book. Yes, this - except for the fact that my bank will still issue cheque books. I've just looked at mine and it's almost five years since I last issued a cheque!! Do you have paywave? I love paywave. Just wave my card at the machine and my transaction is done in seconds. So quick. We have that but call it contactless. I agree, so quick and easy. Paywave is much easier to say though!!
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