Automatic CVV updates?!?
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@Tsaukpaetra said in The Official Status Thread:
@sloosecannon
I'm sure there's a thread about here somewhere...I couldn't find it, so have a Nuevo one!
Here's Why Everyone Already Has Your New Credit Card Expiration Date
You just got a new credit card in the mail, in the nick of time before your old one expires. Does that mean you need to rush to update your bajillion
Discuss!
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Does this only update if the card expires "naturally" or does it do it too if the card, say, gets cancelled and a new one issued?
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from expiration dates and account numbers to CVV numbers
Wait, aren't those supposed to be "secret"?! After all, they're printed on the other side of the card, because that is the absolute height of security.
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@topspin said in Automatic CVV updates?!?:
After all, they're printed on the other side of the card
Not always. They're on the front of Amex cards, and I've got a Mastercard with the CVV, PAN and expiry all on the back.
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I might be missing something because I'm drunk as hell, but is this really an issue? As far as I can tell the article says that if you get a new card, your monthly subscriptions are (or can be) updated to use the new one. Where's the problem? Just, you know, cancel the services you don't want to pay for anymore instead of waiting for your card to expire?
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@topspin said in Automatic CVV updates?!?:
from expiration dates and account numbers to CVV numbers
Wait, aren't those supposed to be "secret"?! After all, they're printed on the other side of the card, because that it the absolute height of security.
Ha ha. The security part is that they're not stored anywhere on the card except visually. It can't be taken from a chip or stripe reader, unless it has a camera and OCR, unless you put electrical tape over it.
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@loopback0 said in Automatic CVV updates?!?:
@topspin said in Automatic CVV updates?!?:
After all, they're printed on the other side of the card
Not always. They're on the front of Amex cards, and I've got a Mastercard with the CVV, PAN and expiry all on the back.
My card has every number on the back.
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@pie_flavor said in Automatic CVV updates?!?:
The security part is that they're not stored anywhere on the card except visually. It can't be taken from a chip or stripe reader, unless it has a camera and OCR, unless you put electrical tape over it.
Nor is it embossed which means mechanical paper imprinters don't capture it
.
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@Watson said in Automatic CVV updates?!?:
@pie_flavor said in Automatic CVV updates?!?:
The security part is that they're not stored anywhere on the card except visually. It can't be taken from a chip or stripe reader, unless it has a camera and OCR, unless you put electrical tape over it.
Nor is it embossed which means mechanical paper imprinters don't capture it
.Yeah, my card isn't embossed anymore either since they replaced it this year.
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Credit cards are garbage, but mostly it upsets me that no one gives a fuck and there are no alternatives.
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@anonymous234 debit cards, cash, bank transfers, PayPal, various apps for sending money, PayM etc. Depends exactly what aspects of credit cards you don't like as to how good a replacement any of those are, but there are alternatives
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@Jaloopa These (except for cash) don't work for Point of Sale transactions. And online no one takes anything other than PayPal, credit cards or sometimes bank transfers. And bank transfers are slow and expensive for some reason.
I just want free (or <1€ fee), instant transfers between bank accounts, and an interface that has some form of private key for security. It's not that fucking much to ask for.
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@anonymous234 said in Automatic CVV updates?!?:
@Jaloopa These (except for cash) don't work for Point of Sale transactions.
I pay POS almost exclusively with debit cards. Wepay is one of the app based systems, and is quickly becoming a dominant way of paying in China. It uses QR codes
And bank transfers are slow and expensive for some reason.
What backwards country are you in? Given someone's sort code and account number I can pay them usually instantly and guaranteed within 2 hours, for free
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@blek said in Automatic CVV updates?!?:
I might be missing something because I'm drunk as hell, but is this really an issue? As far as I can tell the article says that if you get a new card, your monthly subscriptions are (or can be) updated to use the new one. Where's the problem? Just, you know, cancel the services you don't want to pay for anymore instead of waiting for your card to expire?
The issue is that when you get a new card, (especially one with a new number!!) people (aside from you, and I guess your bank) shouldn't be able to figure out the new one. Otherwise it's possible for someone malicious to get their hands on it. Not to mention the difficulty of cancelling accounts you have no access to if your number gets compromised.
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@Jaloopa said in Automatic CVV updates?!?:
What backwards country are you in?
USA! USA!
Electronic bank transfers take at least 2-3 business days. Longer if the account gets held. Usually no fees though.. so I guess that's good.
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@sloosecannon does the transfer request get printed out for someone to write and post a cheque to the receiving bank?
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@Jaloopa said in Automatic CVV updates?!?:
@sloosecannon does the transfer request get printed out for someone to write and post a cheque to the receiving bank?
There's gotta be a wooden table in there too.
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@Jaloopa said in Automatic CVV updates?!?:
@sloosecannon does the transfer request get printed out for someone to write and post a cheque to the receiving bank?
Probably.
(Actually no, it's definitely automated because it's either at midnight or exactly 48-72 hours after it's posted)
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@sloosecannon said in Automatic CVV updates?!?:
@Jaloopa said in Automatic CVV updates?!?:
What backwards country are you in?
USA! USA!
Electronic bank transfers take at least 2-3 business days. Longer if the account gets held. Usually no fees though.. so I guess that's good.
Unless you're doing a 401K rollover. Then it takes 2-3 weeks and a $75 transfer fee.
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@dcon
This shit is retarded. I payed my doctors visit this morning by scanning a 2d barcode between both or banking apps of different Belgian banks. The money was immediately transferred ...
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@anonymous234 said in Automatic CVV updates?!?:
@Jaloopa These (except for cash) don't work for Point of Sale transactions. And online no one takes anything other than PayPal, credit cards or sometimes bank transfers. And bank transfers are slow and expensive for some reason.
I just want free (or <1€ fee), instant transfers between bank accounts, and an interface that has some form of private key for security. It's not that fucking much to ask for.
PayPal works with PoS as long as by "credit cards suck" you mean "credit cards issued by a bank suck". PayPal gives out its own cards.
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@pie_flavor said in Automatic CVV updates?!?:
PayPal gives out its own cards.
MasterCard cards, I see.
So you have banks (big companies with the main job of saving and transferring money), then PayPal on top of that to help them move money, then MasterCard on top of that to help them move money
Anyway, I just found out that both the US Federal Reserve and SEPA are launching instant transfer systems, so maybe my complaints are finally being addressed.
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@blek said in Automatic CVV updates?!?:
I might be missing something because I'm drunk as hell, but is this really an issue? As far as I can tell the article says that if you get a new card, your monthly subscriptions are (or can be) updated to use the new one. Where's the problem? Just, you know, cancel the services you don't want to pay for anymore instead of waiting for your card to expire?
Automagically updating the CVV so that your new credit card works without you having to do anything is a nice feature. In most cases.
However, there is the very real problem of trying to cancel something but you keep getting charged. Certain companies have been notoriously bad at this. There have been many people who had to close a credit card because that was the only way to get the charges to stop.
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@El_Heffe said in Automatic CVV updates?!?:
However, there is the very real problem of trying to cancel something but you keep getting charged. Certain companies have been notoriously bad at this. There have been many people who had to close a credit card because that was the only way to get the charges to stop.
Filing chargebacks/disputes didn't work? Causing the company making the charges to lose money over it seems like it would be a good way to bring the charges to a screeching halt.
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@anonymous234 the PayPal isn't on top of the bank. Once you have a card, you can freely move money in and out of your account.
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@loopback0 said in Automatic CVV updates?!?:
@topspin said in Automatic CVV updates?!?:
After all, they're printed on the other side of the card
Not always. They're on the front of Amex cards, and I've got a Mastercard with the CVV, PAN and expiry all on the back.
No, the number on the front of Amex is the CID, and it's 4 digits. They still have the CVV on the back.
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@anonymous234 said in Automatic CVV updates?!?:
Credit cards are garbage, but mostly it upsets me that no one gives a fuck and there are no alternatives.
Have I got an opportunity for you!
https://what.thedailywtf.com/topic/25305/initiative-q-money-from-nowhere/
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@boomzilla That’s like replying to “Windows 10 is garbage” with a link to TempleOS. It doesn’t prove anything.
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@topspin to paraphrase a crabby man: This is a humor site, not a provin' site.
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@boomzilla I know, look at the upvote.
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@topspin I DIDN'T ASK FOR YOUR UPVOTE
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@boomzilla said in Automatic CVV updates?!?:
@topspin I DIDN'T ASK FOR YOUR UPVOTE
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@Mason_Wheeler said in Automatic CVV updates?!?:
@El_Heffe said in Automatic CVV updates?!?:
However, there is the very real problem of trying to cancel something but you keep getting charged. Certain companies have been notoriously bad at this. There have been many people who had to close a credit card because that was the only way to get the charges to stop.
Filing chargebacks/disputes didn't work? Causing the company making the charges to lose money over it seems like it would be a good way to bring the charges to a screeching halt.
Sometimes it would be easier to close the card. If you dispute a charge, unless it's clear-cut fraud, you have to provide evidence to the credit card company that you've made good faith efforts to resolve the problem with the vendor.
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If the subscriptions and everything is supposed to stay the same, why issue a new card at all?
Some plastic could be saved.
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@Adynathos said in Automatic CVV updates?!?:
why issue a new card at all?
The cardholder still needs the new numbers.
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@Tsaukpaetra said in Automatic CVV updates?!?:
The cardholder still needs the new numbers.
I mean keep the numbers the same.
What does the change of card and numbers achieve?
An argument could be made that the numbers and CVV are changed periodically in case they got leaked or stolen.
But since the new numbers are given away by the bank, that is not the case.
Or at least it is less effective, and so not worth the cost of sending new cards every few years.
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@Adynathos said in Automatic CVV updates?!?:
What does the change of card and numbers achieve?
false sense of security, natch.
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@Tsaukpaetra Security theatre...
Same with websites complaining that the passwords do not contain enough/,.][/;.]'l.
Maybe instead of pestering the users, make sure the login site is rate limited and can't be brute-forced, properly salt the hashes, encrypt the database etc.
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@Adynathos said in Automatic CVV updates?!?:
If the subscriptions and everything is supposed to stay the same, why issue a new card at all?
Some plastic could be saved.In case of chip and pin cards it can definitely be valid to renew them after they've hit a given age. I've had a few cards where the top layer of the plastic started to peel off and the chip was getting worse for wear.
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@Adynathos said in Automatic CVV updates?!?:
But since the new numbers are given away by the bank, that is not the case.
Hence why an automatic update of the CVV/CSC is a bad idea.
@Adynathos said in Automatic CVV updates?!?:
not worth the cost of sending new cards every few years.
Cards have expiry dates so whether you change the CSC or not the expiry date will get you unless all cards are valid indefinitely (which seems like a bad idea).
