mountaindewvoltage wrote:Does anyone else ever get annoyed that America is behind the rest of the world in payment and bank technology? It's like we live in the 1980's here but nobody seems to care. The liability shift proves that we can't do anything here without a high level of resistance. People seem so uneducated about how vulnerable magnetic-stripe is compared to contactless and EMV which is also highly annoying. Do we take pride in being more ignorant and selfish than the rest of the world? Like c'mon.
Whenever I go to a merchant like Burger King and see the typical food service "built into the screen" card readers without EMV or NFC reading capabilities, I get annoyed because the merchant hasn't even made an effort to buy the correct terminals... It's not like BK is just waiting for software certification, they just don't care about card security apparently because they don't even have the right equipment to accept EMV cards. Look at what happened to Wendy's earlier this year, and their response was, "Well we would rather pay for fraud than buy new terminals." Oh, you mean you don't care that grandmas' debit card was hacked and she has no money for the rest of the week? But in the U.K and Canada, I'm sure Wendy's has nothing but consumer facing chip terminals that take contactless payments. But because this is America they have to complain about implementing the technology here even though they've done it everywhere else years ago.
What is up with certain merchants suing the card companies for the liability shift? Every other major country had a liability shift and they just bought new terminals, complied with the rules, and had them certified. Heck, the government even stepped in to create some regulations. Nope, not here, merchants would rather sue one another instead and hope the liability shift gets lifted.
Speaking of being sued, what is up with this chip and signature crap? Just go to PIN. If a merchant doesn't have readers a consumer can access, they should be fined. My card should never leave my hand and it should be illegal for a merchant to even touch my card.
The government should stop sitting on their hands and clean this mess up. Payment and computer security should be a high priority for our government.
Well said. The government is too busy pretending to care about so many other things to bother with this unfortunately. They can't get anything done.
You're stronger statement in my opinion (and the one that sums it up) is that the card simply should never leave your hand. And you're right. It should be that simple.
Thank you for agreeing, I'm glad someone else seems to understand what I'm talking about. When I tell my family, friends, and girlfriend about this stuff, they don't seem to care, but they're in with most other people that live here. I've never seen a nation so against contactless payments and chip cards and so for the least secure of the three. "$0 liability" isn't $0 liability on debit cards unless you have certain banks. You're out of your money until the bank investigates, and even then they either may not side with you, or they make charge up up to $50, and that's if you reported it within two days. Even then, you're out of your card until they send you another one. I understand credit cards are different but I feel like most people use debit cards for every day purchases.
It's even ridiculous that U.S Government organizations haven't adopted this yet... I still swipe at USPS, and while I haven't been to the DMV in years, I'm sure they still use swipe readers. Can't wait to see some kind of data breach at a local post office so the government will realize how much we need EMV and other, more secure payment technology.
When I pay in another country I want to blend in... Either swiping or signing a receipt after a transaction isn't letting me blend in with everyone else. The transactions should be prioritized as PIN, but we can't do that here because then the banks would have to reduce the transaction fees.
Are people really happy with being obese, dumb, paying skyrocketing prices for health care, being behind every other country when it comes to technology, and not having mandated vacation time from work every year?
I guess this is just a rant, lol. Tired of it.