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Same in France - in the past you used to have enough time to finish filling your grocery bags while the transaction was being authorized. But for... maybe the l
by seszett 9y ago
Same in France - in the past you used to have enough time to finish filling your grocery bags while the transaction was being authorized. But for... maybe the last decade or so, transactions most often get authorized within a second of validating your PIN.
- deleted 9y ago[deleted]
- sametmax 9y agoPlus now most shops have contact less card readers. Which is funny when you think about it, because it's the same speed / security than the swipe from 40 years ago, except limited to 20€.
- DangerousPie 9y agoI wouldn't say it's the same security - presumably the contactless chip is much harder to copy than the old magnetic stripe.
- ahmeni 9y agoContactless transactions generate a one-time use code, they're much more secure than your standard magnetic swipe.
- sametmax 9y agoNo they just have different issues. They both allow the card to be used when stolen. Magnetic band can be duplicated. Contact less allow people with a portable modified machine to request transaction without the owner knowing.