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Post Reply No more swipe and sign credit cards
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33 / M / Animeville, USA
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Posted 2/26/15
http://blogs.wsj.com/corporate-intelligence/2014/02/06/october-2015-the-end-of-the-swipe-and-sign-credit-card/

Well glad that the good old U.S.A. is finally catching up with the rest of the world.
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29 / F / Chicagoland ~
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Posted 2/26/15
That's of course if all the businesses can afford to switch their systems over by that time. I'm sure an awful lot of places around where I live won't be switching out old systems for new ones unless they're specifically forced (which is unlikely, I'm guessing). All the cards that have those chips in them thus far can also be swiped.
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33 / M / Animeville, USA
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Posted 2/26/15

IshokuOsero wrote:

That's of course if all the businesses can afford to switch their systems over by that time. I'm sure an awful lot of places around where I live won't be switching out old systems for new ones unless they're specifically forced (which is unlikely, I'm guessing). All the cards that have those chips in them thus far can also be swiped.


Well then as the article states they will be held liable if any fraud is going on. I mean if the part of the system that has the lowest tech holds the liability for the fraud. Gonna be a big incentive for people to upgrade.
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29 / F / Chicagoland ~
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Posted 2/26/15
I'm sure a lot of small businesses really don't have any worries and that's mostly what's around my area. There are a couple towns that won't even allow big businesses at all around here. Most of these places have Verifones or other things that are at least ten years old, ahahaha.~
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26 / M / Chicago,IL
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Posted 2/26/15

IshokuOsero wrote:

That's of course if all the businesses can afford to switch their systems over by that time. I'm sure an awful lot of places around where I live won't be switching out old systems for new ones unless they're specifically forced (which is unlikely, I'm guessing). All the cards that have those chips in them thus far can also be swiped.


A-lot of places around the Chicago land area (I'm from there,as you are and im assumeing your talking about it) have switched or have plans to switch over. There's been a-lot of breaches and this is more secure. It's better for everyone.
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29 / F / Chicagoland ~
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Posted 2/26/15

MrChamploo wrote:


IshokuOsero wrote:

That's of course if all the businesses can afford to switch their systems over by that time. I'm sure an awful lot of places around where I live won't be switching out old systems for new ones unless they're specifically forced (which is unlikely, I'm guessing). All the cards that have those chips in them thus far can also be swiped.


A-lot of places around the Chicago land area (I'm from there,as you are and im assumeing your talking about it) have switched or have plans to switch over. There's been a-lot of breaches and this is more secure. It's better for everyone.


I'm not actually in Chicago haha. I'm closeish to there but in one of the surrounding areas.
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Posted 2/26/15
It's a legitimate security and economic concern which can put undue strain on the DOJ, so I would imagine some public funding could be directed toward subsidizing businesses which demonstrate legitimate need for it in order to implement this measure.
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26 / M / Chicago,IL
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Posted 2/26/15

IshokuOsero wrote:


MrChamploo wrote:


IshokuOsero wrote:

That's of course if all the businesses can afford to switch their systems over by that time. I'm sure an awful lot of places around where I live won't be switching out old systems for new ones unless they're specifically forced (which is unlikely, I'm guessing). All the cards that have those chips in them thus far can also be swiped.


A-lot of places around the Chicago land area (I'm from there,as you are and im assumeing your talking about it) have switched or have plans to switch over. There's been a-lot of breaches and this is more secure. It's better for everyone.


I'm not actually in Chicago haha. I'm closeish to there but in one of the surrounding areas. ;)


Ah it's fine! I'm not from directly Chicago either but it's easier to just say that mmm?
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F / West
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Posted 2/26/15 , edited 2/26/15
Great, now I have to remember what pins go with what cards, what a nightmare. When our signatures are replaced by pins, we are becoming more and more like robots than humans. Why not just insert a chip inside us, to safeguard fraud?
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Posted 2/26/15

CalifCat wrote:

Great, now I have to remember what pins go with what cards, what a nightmare. When our signatures are replaced by pins, we are becoming more and more like robots than humans. Why not just insert a chip inside us, to safeguard fraud?


Provided being fitted with a chip remains a voluntary procedure, is one which is universally accessible, and all safety/privacy concerns have been adequately addressed I don't really see why not. Furthermore, seeing as how I'm something of a techno-progressive I don't see the process of making people "more like robots" to be inherently a value negative.
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22 / M / Hongdae
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Posted 2/26/15
Since i have no credit, my application was denied to get one of these credit cards. Its horse shit.
They're already out with some banks.
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20 / M / California
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Posted 2/26/15
Well, that's interesting. I actually never sign my receipts unless it's a pickup order since most of the time I'm always prompted to enter my pin or just do nothing after the swipe.
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31 / M
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Posted 2/26/15
it's not as bad as you guys think.. you get used to inserting your pin (acts as your signature) over time.
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F / West
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Posted 2/26/15
I do use a pin for my Debit card, but not for credit cards. I'm just tired of trying to remember all passwords for everything..I am gonna have to carry a cheat sheet with me with all them listed, and then I guess I am shit out of luck if I get kidnapped.
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Posted 2/26/15 , edited 2/26/15
I prefer the chip and pin. I hated the fact that older cards required me to sign it which provides a template for a fraudster to copy from when signing for purchases. If that signature rubs off then shops would refuse it even if you resigned it on the spot.

I'm refusing the contactless payment cards at the moment. The way that's vulnerable to fraudsters is that they can e-pickpocket you. They have devices that swipe the pin emptying you funds to the set limit. I've seen they've invented some expensive hi-tec shielding wallets and some hi tech shielding garments to prevent this. Create a problem and a solution all at a cost to the consumer . Plus it is possible to accidentally swipe your card more than once for just one purchase and get double or triple charged. It may eventually be sorted out but you're not going to see the exact details until your monthly statement unless you get mini statements every time you pass by an ATM. I see no reason to give shops a literal blank check then correct it at the end of the month. You see unless you asked for a credit agreement which comes with added interest that you pay back, everything was paid for at the time of purchase. Now you're giving the shops/businesses credit some of which may be error and speculation ahead of time and you get no interest for doing so.
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