Deleted User 298457
Deleted User 298457
They're written on the back (TSB), in the App (Curve).Sorry if I'm missing the point, but without numbers how do you use the card online.
Visa Debit Card
- Thread starter something daft already!!
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Sorry if I'm missing the point, but without numbers how do you use the card online
The reasoning is that all your card details are stored in the App. Although that can be a bit tricky if you're trying to buy something online using your phone and having to switch back and forth between the shopping site and banking App to copy the details.
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Stupid question but what is the point of the magnetic stripe with chip and pin?
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None at all. The mag stipe is used where the signature is checked. This is a throwback to older systems. The sales person would take the card from you, swipe it, you get a bit of paper to sign, they compare and approve or not.
Back in the day I did catch a dodgy card and got a £50 reward. Which back in the 80s was a lot of money.
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So why don't they just remove it? Presumably if a scammer swipes the card now it doesn't work or does it? Can you technically pay with it?
It doesn't have anything to do with chip and pin - sometimes if the chip can't be read you can use the magnetic stripe instead and swipe & sign for a purchase.
It's a fallback and is still needed in some parts of the world *looks at large parts of the USA*.
It's like the embossed numbers on the front, a lot of large chains will still have a click clack swipe machine somewhere, even if it's not been opened in years.
Something people tend to forget is that banking has a very long technological tail, and depending on where you are in the world different systems are in place, usually trying to retain at least secondary/backup method that might seem pointless.
so your average modern card has something like 4 different ways to read it, NFC, Chip (for chip and pin), magstripe for if the chip fails, and the embossed number for both over the phone use and if a store needs to fall back to an embossing machine.
About 4 years ago the then relatively new Boots Opticians in our town had to resort to the click clack machine because all their payment computers/readers were down, it was the first time i'd seen one used for 15 years or so, they had to get the box out and open it up as it was unused, and the older assistant took the time to demo it to the younger one who'd never seen one.
*the US still has massive numbers of magnetic readers and relatively low uptake of chip and pin, partly I suspect because the banks offload the risk to the customer over there a lot more than they can here.
Deleted User 298457
Deleted User 298457
I remember the tills going down where I worked and us having to pull out the manual machine. Much anger when folk wanted to pay card for 2 quid batteries or something 
I remember when shops still accepted cheques.
We had a regular "customer" who used cheques as way to get a free cash loan. She would buy stuff, pay by cheque, then come back in an hour later and return the stuff for a refund. Because she paid by cheque, the refund would be in cash.
She also found out somehow that we only sent the cheques off once a week so she knew she had a free week before the cheque was presented + however long it took to clear and come out of her bank account. In the end we banned her.
We had a regular "customer" who used cheques as way to get a free cash loan. She would buy stuff, pay by cheque, then come back in an hour later and return the stuff for a refund. Because she paid by cheque, the refund would be in cash.
She also found out somehow that we only sent the cheques off once a week so she knew she had a free week before the cheque was presented + however long it took to clear and come out of her bank account. In the end we banned her.
What do you mean by "offload the risk to the customer"? All of the credit cards in the USA that I have and know of (VISA, Mastercard, American Express, and Diner's Club) all offer the same zero (customer) liability in case of theft or fraud that you enjoy in the UK. I know that at least VISA has the same consumer protection for debit card transactions as well.
A friend who is in banking here in the USA told me that chip and pin isn't common here because American banks can simply move the inherent risk (in not adopting chip and pin) to someone/something else (like insurance companies); it is cheaper to buy insurance than it is to roll out chip and pin across the country.
I'd heard it was far more on the customer to prove they hadn't bought something than over here, certainly I've seen a load of Americans complaining about the problems they've had getting their bank/card company to admit it was fraud to the point that some people give up (by comparison when it's happened to me in the UK it's usually been a 5 minute call to my card issuer, new card sent out and in one instance a form to sing).
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Apparently most cashpoints still use the magstripe so that's another reason it exists.
It's a legacy/fallback system that serves the same purpose as the chip in chip and pin (though in a more limited and probably less secure way). More bother to remove it than to keep it, at least for the time being.
The mobile readers for card payment we have at work can read the magnetic strip on a card. I've never known that option to be used, but putting it into the reader adds almost nothing to the cost of the reader so may as well.
That typo gave me a good laugh with an image of a rather odd karaoke session over the phone to get a fraud corrected
HA HA HA HA !
Like Samsung Pay! All my main cards have printed numbers but they never leave the house as everything is done via mobile contactless. Saying that, Samsung Pay did send a clean blacked out debit card which is kinda cool:
But why? To date I have not heard a single logical reason as to why people avoid contactless. Why add more steps to a process when you can save time!
Soldato
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Visa is more expensive. The banks make more money from Mastercard. This is why practically every new bank and fintech is issuing Mastercard rather than Visa. In terms of acceptance, it's not going to make a difference, pretty much everywhere that accepts one accepts the other.
I had that in the 90’s with my poverty spec visa debit card think it was called visa electron
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I had forgotten about Electron cards. I had one once, was basically just a cash point card.