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Better on-line credit card security system coming soon
I saw a dutch collegue use some sort of mini chip and pin device recently.
Wasn't built in to the card
Yes, that’s chipknip. It’s a little chip on the card which you can load up with money from your bank account from a sort of PIN machine; it was meant to be a very quick, efficient replacement for cash, but only caught on in company canteens and car parks.
And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014
Oh, that's a different thingummyjig; it's for accessing the internet banking and comfirming transactions. It generates codes unique to the client and the transaction which you then type into the website.
And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014
Oh, that's a different thingummyjig; it's for accessing the internet banking and comfirming transactions. It generates codes unique to the client and the transaction which you then type into the website.
Yep. This system supersedes that 3 digit code on the back of our present credit cards, mainly to counter card-not-present fraud.
Yes, that’s chipknip. It’s a little chip on the card which you can load up with money from your bank account from a sort of PIN machine; it was meant to be a very quick, efficient replacement for cash, but only caught on in company canteens and car parks.
I have that built into my EC card. You can load a balance onto it, and then, any place where you can use an EC card, you can just insert into the card reader, and then go (no pin, no signing). Supposed to be for small transactions. I never use it, and don't know anyone who does. Cash for small/medium transaction, card for all others.
I have that built into my EC card. You can load a balance onto it, and then, any place where you can use an EC card, you can just insert into the card reader, and then go (no pin, no signing). Supposed to be for small transactions. I never use it, and don't know anyone who does. Cash for small/medium transaction, card for all others.
Well I can't see any added value in it above being a normal PIN card without any security. The only thing is it's the only way to pay in the canteen and the station car park, so I'm forced to use it.
And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014
Well I can't see any added value in it above being a normal PIN card without any security. The only thing is it's the only way to pay in the canteen and the station car park, so I'm forced to use it.
A step backwards for me and most people who spen time in several countries: it only works on cards from that country. My Swiss and French cards didn't work in the Rabobank canteen in Holland. My French card worked for parking in Paris but my Swiss one didn't. Etc.
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