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| My first purchase with a chipped card by Commander Tansin A. Darcos 11/11/2015, 6:58pm PST | ||||
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| No, I don't mean I broke off part of my card, it means of all the credit and debit cards that I have, currently the only one with a chip in it is my Target Red Card. A couple weeks ago I had to call in and ask the automated system to send me a new card because there was a crack in the mag strip. So, Target sent me a chipped card, and when I registered it on their website it asked me to select a pin;. I did.
Since it is a chipped card, guess what? No mag stripe. Since Target had to replace 100% of their card readers anyway after they got hacked, and since you can't use the card anywhere else, it makes sense to have it set up for chip-and-pin only transactions, since the whole idea is to reduce the potential for fraud. A crook not only has to steal your card, he also has to torture you for your pin number.** Merchants were supposed to be ready to take chipped cards as of October anyway, but despite the fact I have about 6 different cards. only the one from Target has yet to be chipped. All my other debit and credit cards are mag stripe. So today, I went into Target to buy a package of socks, and I found they had a nice multi pack of socks for tall and big men, fits sizes 12-14, pack of 10 black dress socks, $15. Not bad. So I go up to the self-serve register, scan the bar code on the socks, select credit card for method of payment, push the Red Card into the chip reader, it brings up a password entry box, I punch in my pin, then it burps twice to tell me to take my card back, and the transaction is approved. Very slick. My second purchase was at the pharmacy, $1.29 for my furosemide tablets after insurance. I'm actually impressed that the technology actually works. Now, anyone want to take any bets on how long before crooks figure a way to break the system in order to steal goods and/or money? I've heard the chip-and-pin system in Europe has been hacked, at least and some researchers have even written papers showing how it can be done. ---- ** The term "pin" as used with authenticating payment cards is an acronym for "personal identification number," so actually, using the term "pin number" is redundant. I also sometimes take money out at an Automatic Teller Machine machine, so I'm also redundant when I use an ATM machine.. |
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My first purchase with a chipped card by 11/11/2015, 6:58pm PST  Here in the UK the current wheeze by 11/12/2015, 5:51am PST NFC with tokens - way better than chip by 11/12/2015, 4:12pm PST Didn't you know? Encryption is for teen Jihadis by 11/12/2015, 4:24pm PST "Hey guys, I bought socks." NT by 11/12/2015, 5:54am PST PIN is not the norm, most just require signature by 11/12/2015, 7:25am PST We have had these for years... by 11/12/2015, 9:02am PST Credit cards and cheque cards. NT by 11/12/2015, 9:04am PST Re: Credit cards and cheque cards. by 11/15/2015, 2:41pm PST Re: We have had these for years... by 11/15/2015, 2:31pm PST |
