Just to note: as far as I know, you *do* get most of the benefit from chip + sig , since it doesn't actually give the merchant the real cc number. They get a token, from what I've read.
Actually, similar to Apple pay with NFC. Kiosks are a problem, though they may get upgraded to deal with it. The big change this year is the shifting of fraud responsibility to the merchant in Oct? If they don't use chip. Swipes will be the merchant's problem, Chip is visa mc etc. Matthew (sent from my mobile) > On Feb 3, 2015, at 12:14 PM, Tom Perrine <tom.perr...@gmail.com> > > CHIP+sig still probably won't be good for buying train tickets and gas > from unattended kiosks and stations in EU. > > Why *anyone* would want CHIP+sig is beyond me. All of the expense of > the infra change and none of the benefits. > > I've heard it has something to do with who (card holder, merchant, or > bank) is responsible for fraudulent charges, which might explain the > whole problem. > > > >> On Mon, Feb 2, 2015 at 1:15 PM, <berg...@merctech.com> wrote: >> In the message dated: Mon, 02 Feb 2015 11:46:28 -0800, >> The pithy ruminations from David Lang on >> <Re: [lopsa-discuss] NIce Fraud alert system - American Express> were: >> => On Mon, 2 Feb 2015, Peter Loron wrote: >> => >> => > Yep, AMEX is usually pretty on the ball WRT fraud. >> >> That's been my experience too. >> >> => > >> >> [SNIP!] >> >> => > >> => > The EMV isn't perfect, but it does reduce fraud. >> => >> => Does it make any impact on online/phone purchases? >> >> +1 to AMEX for fraud detection. >> >> -100 to AMEX for online/phone purchase fraud prevention. >> >> Many years ago, AMEX used to offer (free!) virtual credit card numbers >> called Private Payments. These were good for one-time use, with a >> capped-maximum and 30-day validity. The "card" could be generated >> on-demand after logging into the AMEX site. This was a terrific way to >> handle on-line purchases. Then they dropped the service. >> >> Mark >> >> => >> => David Lang >> => >> -- >> Mark Bergman >> _______________________________________________ >> Discuss mailing list >> Discuss@lists.lopsa.org >> https://lists.lopsa.org/cgi-bin/mailman/listinfo/discuss >> This list provided by the League of Professional System Administrators >> http://lopsa.org/ > _______________________________________________ > Discuss mailing list > Discuss@lists.lopsa.org > https://lists.lopsa.org/cgi-bin/mailman/listinfo/discuss > This list provided by the League of Professional System Administrators > http://lopsa.org/ _______________________________________________ Discuss mailing list Discuss@lists.lopsa.org https://lists.lopsa.org/cgi-bin/mailman/listinfo/discuss This list provided by the League of Professional System Administrators http://lopsa.org/
