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Interesting. In the US most businesses use magnetic stripe readers which take ~1 second from swipe to approval.
by superuser2 11y ago
Interesting. In the US most businesses use magnetic stripe readers which take ~1 second from swipe to approval.
- josephmx 11y agoWe stopped using that for lack of security, plus I think signing the receipt (and carbon copy) is time consuming, right?
- VLM 11y agoI don't do much legacy brick and mortar CC shopping anymore, but it seems completely random at Home Depot and Target if they want my signature or not. Maybe after X transactions in the last Y days they no longer need a sig. With a possible side dish of Z percent or lower of transactions are fraudulent from this store.
- gambiting 11y agoYou can use swipe in some places in the UK, but then you have to wait for the receipt to print, the cashier to find a pen, you have to sign it and the cashier has to verify it, click on the terminal that they did, and get a final receipt printed. It's even more hassle than typing in a pin.
- takluyver 11y agoBut then you usually have to sign as well. Chip and PIN transactions don't need a signature, and in my experience the total time to swipe+sign is about the same same as insert+pin. Contactless payments don't need a signature or a PIN, so they're significantly quicker.
- superuser2 11y agoI rarely if ever have to sign for a purchase under $25.