Forum Overview :: Tansin A. Darcos's Alter Ego
 
Re: We have had these for years... by Commander Tansin A. Darcos 11/15/2015, 2:31pm PST
Oom Shnibble wrote:

Here you have organised crime syndicates who have also created exact replicas of card readers. They go around the country to gas stations on busy highways or restaurants and pay employees a few bucks to use them. After a few days they take the readers someplace else and by the time you see fraudulent transactions they are long gone.


Oom, there's one big difference between Europe and the United States. Because of the development of chip and pin the banks got the laws rigged so that in case of those type of transactions, the customer has to prove the transaction is fraudulent.

In the United States, if a customer claims a transaction is fraudulent within two billing cycles - which is about 60 days - Federal law sets the maximum liability at $50, and because credit cards have to be competitive, all banks go further than what the law requires and set liability at zero for fraudulent transactions.
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My first purchase with a chipped card by Commander Tansin A. Darcos 11/11/2015, 6:58pm PST NEW
    Here in the UK the current wheeze by is contactless payment 11/12/2015, 5:51am PST NEW
        NFC with tokens - way better than chip by Entropy Stew 11/12/2015, 4:12pm PST NEW
            Didn't you know? Encryption is for teen Jihadis by David Cameron 11/12/2015, 4:24pm PST NEW
    "Hey guys, I bought socks." NT by The Essential Tdarcos 11/12/2015, 5:54am PST NEW
    PIN is not the norm, most just require signature by CattleHumper 11/12/2015, 7:25am PST NEW
    We have had these for years... by Oom Shnibble 11/12/2015, 9:02am PST NEW
        Credit cards and cheque cards. NT by Oom Shnibble 11/12/2015, 9:04am PST NEW
            Re: Credit cards and cheque cards. by Commander Tansin A. Darcos 11/15/2015, 2:41pm PST NEW
        Re: We have had these for years... by Commander Tansin A. Darcos 11/15/2015, 2:31pm PST NEW
 
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