Discover Chip+Pin Early 2014?

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Postby flan » Thu Feb 20, 2014 6:42 pm

GoCreditGo! wrote:Why would someone do Chip+Signature, when Chip+Pin is available? Is there a big difference in the backend?

Why would you use a card that makes you press in a pin, when you can use one that just lets you sign? There's zero benefit to the card user. Remember, most places with chip and pin, if you're the victim of fraud, you're out the money, unless you can prove it's fraud. Good luck with that... In the US, the card holder is not, by federal law, liable for fraud. Some people claim that pin is faster, but watching people at the grocery store use debit cards or credit cards, sign is way faster.

The liability shift, remember, only applies to merchants -- they're on the hook for some classes of transaction they're not already on the hook for.

There's some difference in the back end, but most of the difference is in the card. C&P cards cost more than C&S. (a couple bucks a card, which adds up. Especially since a plastic card w/ magstripe costs less than a buck.) EMV cards and terminals negotiate the authentication method required. A card or terminal can support C&P, C&S, or both, and can prefer one or the other, or require one. That requirement can be all the time, or based on all sorts of rules. (Value of transaction, number of transactions since pin entry, day of the week, phase of the moon...)

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Postby rockyrock » Fri Feb 21, 2014 8:13 am

CC Deville wrote:
Having said that, I personally want a PIN so if Discover goes true Chip + PIN I will be switching my spending back to that card.


Not sure if you are eligible to be a USAA member but they offer their Rewards World MC (and maybe others) in a C&PIN.
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Postby Reclusive46 » Fri Feb 21, 2014 11:24 am

CC Deville wrote:It is possible that Discover will be Chip + PIN or at least the "hybrid" that the DC area credit unions (Andrews, SDFCU, PenFed) employ in that for most face-to-face transactions a signature receipt will pop out and in unmanned kiosks it will request a PIN.

In numerous news reports and press releases, both Discover and MasterCard have indicated that they prefer Chip + PIN but will support all versions of EMV including contactless.

Offline PIN actually has nothing to do with how the transaction is authorised. It just means that the PIN is stored on the card. The UK uses offline PIN but 99% of transactions are authorised online. It just allows the PIN to be verified if the card can't contact the bank (I.e. on a plane or rural kiosk that is not hooked up to a telephone line or 3g/4g connection). Thats the advantage over online PIN that would revert to signature if it couldn't contact the bank. Chip and Signature and Online PIN still work offline.
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Postby CC Deville » Fri Feb 21, 2014 1:56 pm

Good to know. Like I said, not an expert. I have a friend that works for a bank that is currently finalizing EMV and she said it is more difficult to develop PIN than Signature.

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