:credit_card: Cards
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Oh yeah. It's an absolute dystopia here. Buildings on fire. Children crying out in pain. And all because magstripes.
LIES. It's also the inches.
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Sounds like TRWTF is the US banking system. If the level of fraud is really this prevalent wouldn't it be in the banks' interest to do something about it? I dunno, for example introduce a less ass-backwards authentication system?
Implementing proper controls costs more than they lose. They just take the cost of fraud (plus some per-incident profit margins) out of the hides of the merchants, so it's actually a net zero or a small profit center.
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Hm, that's a pretty odd system. Either it's specific to the UK or the text is misleading.
It's not misleading. Contactless payment is without PIN and only works up to £30 - over that you have to use chip & PIN. It's the same card, it's just about whether you put it into the reader or wave it over it.
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It's not misleading. Contactless payment is without PIN and only works up to £30
My understanding is that the PIN is required every £X spent on the card, it's not a limitless series of (say) £20 transactions until it's reported stolen.
(X may or may not be related to 30, haven't determined that. )
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@loopback0 said:
It's not misleading. Contactless payment is without PIN and only works up to £30
My understanding is that the PIN is required every £X spent on the card, it's not a limitless series of (say) £20 transactions until it's reported stolen.
Maybe - I've never used it contactless continuously enough. More chip and PIN payments than contactless.
I made a contactless payment using my phone rather than the card the other day, that was novel.
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Maybe - I've never used it contactless continuously enough.
The banks appear to be obfuscating it.
Manage your bank account | Existing Customer | NatWest
Manage your bank account. Set up the app to view your Rewards, transactions and direct debits. You can use Membership Services to access your account benefits.
From time to time, you’ll be asked to enter your PIN to ensure you are the genuine card holder.
http://www.theukcardsassociation.org.uk/individual/what-is-contactless.asp
There’s no need to mess about entering your PIN in to the terminal every time. From time to time, you may have to enter your PIN in to the terminal, this is just a security check - to verify that you, the authorised cardholder, are still in possession of the card.
However, from time to time you will be asked to enter your PIN to verify you’re the genuine card holder.
##How many times a day can I use contactless?
You can use it as many times a day as you want, but every now and then you may be asked to enter your PIN. This is to double-check that it's you who's in possession of your card.So meh. There's an individual £30 maximum at the moment, which individual stores may, or may not, choose to use (previous limit was £20,) however (presumably at the bank's discretion) you may be asked to also enter your PIN. What that algorithm that decides that entails, however, appears to be a closely guarded secret.
Or they have no fucking clue:
Customers report debit cards being declined in stores and pins blocked on New Year’s Day in latest embarrassment for banking group
This is their third glitch in the past 12 months. If an impetus was needed to change your bank as a New Year's Resolution and you're a customer of NatWorst, then this would be it.
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It's not misleading. Contactless payment is without PIN and only works up to £30 - over that you have to use chip & PIN. It's the same card, it's just about whether you put it into the reader or wave it over it.
That's super odd. Why not just ask for the PIN over the limit? That's how it works in both Australia and the Czech Republic.
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Why not just ask for the PIN over the limit?
To stop people from putting through a large transaction as a sequence of smaller ones, presumably.
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I continue to be amazed that people haven't realised the move to chip+PIN and latterly contactless is about transferring liability to you, away from the bank.
Makes it harder for you to prove false transactions if there's less of a paper trail.
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To stop people from putting through a large transaction as a sequence of smaller ones, presumably.
Doing multiple small transactions in a quick succession will still trigger the PIN check.
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+1
Google Wallet card is pretty awesome. My number got... Well I'm going to assume guessed, since it had been snapped in half for about a month (I left it in pants pocket and stepped on it, woops)... And I got an immediate notification that someone charged my card for $40 in some Wal-Mart in California.... I immediately called the local PD and cancelled the card via the app. The charge was obviously denied because I had no money on the card
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The local new Walmart is taking chip+signature (
) now. I bought some groceries today, and then I tried to get a money order, and apparently the grocery sale triggered fraud protection, because the card got declined at customer service, so that was fun.
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Speaking of fraud protection...recently I got promoted from full-time intern (minimum wage) to a salaried employee which nearly tripled my take-home pay. On my first two paychecks I triggered fraud protection because of how much money I was spending compared to previously.
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On my first two paychecks I triggered fraud protection because of how much money I was spending compared to previously.
The first paycheck I got when I started contracting was huge--like $5000, partly because I was a 1099 contractor and thus there was no withholding. My bank put a 5-day hold on the funds, and it was Thanksgiving. So the funds were not going to be available for 11 or so calendar days, and when I pointed that out to the idiot teller, he told me not to think of it that way. I told him my stomach would try when I ran out of food.
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See you guys are all calling me an idiot, but I'm not the one who'd go hungry if my bank account was locked for 11 days.
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See you guys are all calling me an idiot, but I'm not the one who'd go hungry if my bank account was locked for 11 days.
I wouldn't. I was trying to get them to release the hold, because I wanted to buy a plane ticket. Eventually I had to start going to a different branch because every fucking payday it was the same thing, and the branch manager had a hardon for not overriding holds, but the next branch up the street had no problem whatsoever instructing his tellers that any time I came in with a check, it was OK to override the hold without checking with him. (And of cours TRWTF was getting paid with a check mailed to me instead of direct deposit.)
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So you're bad with money AND a liar.
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bad with money
Your shoulder aliens are acting up again.
a liar.
I don't feel the need to tell the truth to someone who's already lied to me; do you? Taking off a 5-day hold is trivial, the jerks at this particular branch simply refused to do it.
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refused to do it.
...and were rude about it to boot. So I went to another branch, where they were happy to hold my money for me and be polite to me, and I complained about the first branch.
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Your still an idiot.
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Whoosh! (Hint: view raw)
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Grrrrrr, fuck dicksauce.
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Even sans HTML comments, just knowing boomzilla would mean it's more likely he's trolling someone rather than making a spellar/gramming.
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Grrrrrr, fuck dicksauce.
He does that particular thing on purpose. He thinks it's funny. Go figure.
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He does that particular thing on purpose.
Cooties? Jellypotato? Say what you mean! ;)
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