On 11/21/2015 10:27 AM, Robert A. Rosenberg wrote: > At 09:04 -0700 on 11/21/2015, Paul Gilmartin wrote about Re: Were you > at SHARE in Seattle? Watch your credit card st: > >> <x-flowed utf-8>On 11/21/2015 08:49 AM, Bob Shannon wrote: >>>> Maybe someone should raise a requirement that the SHARE Hotels >>>> credit card system should be secure. >>> Seriously Ed? Do you really think a major hotel chain is going to >>> tell potential customers their credit card system is insecure? >>> >> Credit card companies are on the verge of providing an incentive by >> making >> vendors liable for fraudulent charges on insecure credit cards. > > That went into effect as of October 1. That is why all the credit > cards are being reissued with chips. If a card with a chip is > presented to a merchant and the card is swiped in lieu of the chip > being read, the merchant is responsible for the fraudulent charge. > >> >> -- gil >> > The biggest incentive was on merchants to get chip-card-capable readers in place to avoid higher fraud liability, and at least most of the merchants I frequent have complied, With enough compliance by the merchants (which lowers odds of offloading fraud liability to non-complying merchants), there appears to be much less incentive for the credit card issuers to hurry up with the new cards -- only 1 in 5 of the cards I regularly use have been updated to chip technology so far.
-- Joel C. Ewing, Bentonville, AR [email protected] ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
