New Credit Card

guido

Well-known Member
Hello,

First time my credit card was denied. It now has been replaced. Nothing wrong with the old one, just one place that was unable to do the transaction! Master Card and Visa will implement a much safer card called EMV. It will use an embedded microchip and pin. Harder to hack?

Guido.
 
actually much easier, the some hoodlums already have the scanner, depending on how you carry it they can get your info. up to 4 1/2 fee away. Greg. Who's wife is in IT in banking and will never carry a card with a chip.
 
Hello Greg_Ky,

I guess it has to do where you keep you card?
mine is not in my back pocket nor in my jacket pocket. I feel safe ....for now!

Guido.
 
Hello Retired Farmer,

Actually I don't give a !@#$%^ who they can track!
Mine for now is still the old style, and has been good up to the last swipe. Not the card's fault just the store's system not cooperating,


Guido.
 
Big Brother Is Watching!!
I would give up on credit cards except they are needed for emergency or for hotels. About 2 months ago, when I would go into Home Depot or WalMart, (only those two places)the beeper started going off. One day, I stood at the detection device and unloaded my pockets of everything. I would not set it off empty. As I picked up things, I would pass thru the detector and nothing. When I tried with my wallet, it went off. I took out the credit card and that fixed the problem. I talked to the manager at the Credit Union where the card is from but they are no help. I fixed the problem. I cut up my card in front of them and canceled my account. I will shop around for another card some day.
 
Buy an aluminum credit card case. It will block the scanners that the thieves use on you from a distance.
 
I agree with you Guido who cares what big brother sees. If any one on here knows him tell him that I don't like him so he can come and take what ever he wants. If he can get past me and the dog he will have to deal with the wife and then he will be sorry.

Bob
 
They've been using chip and pin cards for 5+ years in Canada and in Europe for over 20 years. It's basically impossible to hack with today's technology. The same cards also have the RFID chip that allows for MC PayPass, Visa Paywave, and Interac Flash. Difference is it can't be used every time. When you go to use it, the terminal(technically, the CC company) may accept that method of payment or ask you to insert the card and use the pin and chip method. RFID technologies are also limited to a fairly low $ amount, something like $50. In the event of a transaction over the predetermined level,you have no choice but to use pin and chip.
 
I did not know you could hack a credit card. here the stores charge you an extra 3% for the credit card fee. I use checks.

You are tracked everyday by your cell phone and your car if it's new enough. So why not be tracked by your credit card too. You are also on camera every time you are in the public. Even the small mom and pop stores here have cameras.
 
Just need to take a hot needle and poke a couple of holes in the chip. Card will still work just fine but the chip to track you when you go past the scanner in the store to track you will be dead. Can't be hacked from the chip after that.
 
I had a brother in law who was living in South Korea until his death last year. They have those cards over there. One place he used it was in the bus system. There is a "reader" at the door of the bus and if you carry your card in a pocket it reads it and charges you as you get on the bus. The big scam over there is people have those things on the street and you may buy something you didn't know about until you get a statement. Stainless mesh looking wallets are big sellers over there for credit cards.
 
Most US business don't have the point-of-sale equipment to process the chipped credit cards. And they won't buy it until the credit card companies penalize them for processing magnetic credit cards.

The chipped credit cards are more secure than using the magnetic strip, because your information is encrypted at the point of sale. But businesses couldn't care less whether or not your information is secure, because they don't bear the cost of their own data spills. It's the credit card companies and the consumers who pay for the mess created by retailers' shoddy IT security.
 
Interesting take on this? I don't claim to know everything, but businesses are not completely to blame here. Yes, I know that increasing costs make for increasing selling prices, so the charges made by the credit card companies to the businesses get passed on.

Where I work we are very aware of security issues with credit cards. There is another perspective at work here: If we take a card for payment and for whatever reason it's compromised, we take the hit. Stolen card, disagreement with the customer, whatever reason, many times we lose the merchandise and the money. The card holder is safe in most instances.

I am not comfortable with how data is retained with card sales. How many places do you buy from that can pull up your last purchase with all the information still in their file? When we set our POS software up we discussed that and made the decision to have everything purged immediately after the processing if all went through.

Also, we have many wholesale customers who insist we keep their card information on file, using that much like a charge account at the place of business. We encourage them not to do that but some we have to in order to keep selling to them. Sounds like a loose connection on their part, but if anything goes amiss, guess who takes the hit again??? As I see it, the businesses who take cards, and we all have to, are the ones with the target on their back.
 
(quoted from post at 10:20:01 11/28/14) ........ If we take a card for payment and for whatever reason it's compromised, we take the hit. Stolen card, disagreement with the customer, whatever reason, many times we lose the merchandise and the money. [b:f56efe53b1]The card holder is safe in most instances.[/b:f56efe53b1]
.......How many places do you buy from that can pull up your last purchase with all the information still in their file?

As js305 says, card holders are pretty safe. I've had my CC info stolen MANY, MANY times over the years with thousands racked up on them by the thieves. Have never been held responsible for a penny. We get calls from the card company fraud alert the minute a suspicious activity occurs. Some times the charges are legitimate but just unusual (wife traveling and buying jewelry, large unusual online purchase, etc) other times it's not and I'm grateful for the call and protection.

We use CCs almost exclusively for the convenience. Have NEVER paid a dime in interest on them as the wife diligently pays them off every month. Just last Friday, Discover mailed me new cards due to the HomeDepot hack. On Saturday, I used my Discover card at a restaurant. Sunday, I discovered it was not in my wallet, called the restaurant, they didn't have it. Called Discover Sunday nite, they confirmed the last xaction was the restaurant and cancelled the CC and said new cards would be sent overnite. Monday the cards showed up from the HD hack. Cut those brand new cards up. :roll: Tuesday, NEW cards showed up. No fuss, no muss.

Some may ask why am I so vulnerable? Just about every time our info has been stolen in recent memory, we suspected a copying of the info at a restaurant where the card leaves your sight. I've called the restaurant and explained why I won't be dining there again. :wink: Other thefts occurred in the early days of e-commerce. Wife and I use Paypal a lot now.
 
Hello S2710,

SO you are saying that the last line of defense
AKA THE WIFE, will stop all foes? In my case he or she may not have enough left to be sorry!

Guido.
 
Hello Tony in SD,

That works too! Making change at times is hilarious. I no longer hand change out to make the dollar amount even! It used to work though, and got rid of the weight, and a thank you from the cashier. Now you get the deer in the head light look,

Guido.
 
RFID is NOT secure. Mythbusters were going to do a show about hacking RFID chips on credit cards, were expecting a call from the company that makes the chip. When they called they also had high-level lawyers from all the credit card companies on the line telling them why they were not going to do the show.

For not much money you can scan for the RFID info, then put it on any card with a magnetic strip (drivers license, bank card, hotel room card, etc).

Bank made me put a new PIN on my atm card. Keep using the wrong number.
 

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