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sharkman121 wrote:ppl does still bank wid republic
sharkman121 wrote:ppl does still bank wid republic
bushwakka wrote:so, i read the lit they sent to me regarding this, they said that it will take awhile for all POS terminals to become updated to be able to read the chip on the cards...HOWEVER, to ensure compatibility, the cards will also carry the magnetic stripe
so, if the PIN and CHIP supposed to be so much safer.....why the hell wud u put a stripe on the card as well which defeats the purpose of the whole thing.......waste of time IMO
AllTrac wrote:sharkman121 wrote:ppl does still bank wid republic
what? they are way better than RBTT.
rossi wrote:RBTT is better than Republic.
crazychinee wrote:bushwakka wrote:so, i read the lit they sent to me regarding this, they said that it will take awhile for all POS terminals to become updated to be able to read the chip on the cards...HOWEVER, to ensure compatibility, the cards will also carry the magnetic stripe
so, if the PIN and CHIP supposed to be so much safer.....why the hell wud u put a stripe on the card as well which defeats the purpose of the whole thing.......waste of time IMO
You want to be the jackass that travels abroad to a non chip and pin merchant and have to walk out without your items because you doh have a strip?
DRAGULA wrote:if the chip cards are coming with a strip, then the only advantage I can see is that the card becomes more universally accepted..........there were a few places in Europe where we had to use cash as we couldn't use the swipe. Also, people looked at us funny when we told them they had to swipe the card.....as if they couldn't believe that swipe cards still existed!!
bushwakka wrote:crazychinee wrote:bushwakka wrote:so, i read the lit they sent to me regarding this, they said that it will take awhile for all POS terminals to become updated to be able to read the chip on the cards...HOWEVER, to ensure compatibility, the cards will also carry the magnetic stripe
so, if the PIN and CHIP supposed to be so much safer.....why the hell wud u put a stripe on the card as well which defeats the purpose of the whole thing.......waste of time IMO
You want to be the jackass that travels abroad to a non chip and pin merchant and have to walk out without your items because you doh have a strip?
yuh totally miss the point u jackass.......
the question i am asking is 'why the firetruck wud u put a lower security technology along with a high security technology on the same freaking card when both of them can be used to the same effect
if yuh dumb kant still can't get it.......I'm a thief....i want to use ur card, do i have to enter the PIN and use the smart chip? NO!........swipe the friggin magneto-stripe and use that instead!
crazychinee wrote:
Then again..do you even HAVE a credit card?
Prepaid cards dont count.
Beware ‘shimming’ using chip cards
https://trinidadexpress.com/news/local/beware-shimming-using-chip-cards/article_b4167c6a-00e5-11ee-a34a-cb944ec9af21.html
FRAUD Squad officers have issued a warning to citizens that their new wireless cards are susceptible to a new type of card fraud known as “shimming”.
“You may think that an EMV card is safe, but we all know how technology works. Every year there are advancements, and it’s a fraudster’s job, if you will, to advance, too, and counteract that. So they will always look for a way to counteract any advancement to security.
“However, the chip’s complexity far exceeds the magnetic stripes. When a chip-enabled card is inserted into a chip-reading terminal and the cardholder enters his pin, it generates a unique authorisation code which can only be used once. So every time that chip is used, it generates a unique code. Never repeated. So these new EMV cards cannot be cloned at this time, however, fraudsters are utilising a method by which they would engage in something called card shimming. So we went from skimming to shimming.
“They can encode the user information from the chip, and using this information, they can encode it into a separate magnetic stripe card. So the fraudster will now go to retailers that still allow magnetic stripe card use and try to use your information on these cloned cards.
So it’s crucial for retailers to be on the lookout for the stripe cards. Especially if persons are insisting that only the stripe is working,” Nowbutt warned.
https://archive.is/DccdP
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