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Wouldn't hard for the politicians to mandate a temporary emergency credit for chip cards and readers, to be used when the network is down. The banks and Visa
by kpil 8y ago
Wouldn't hard for the politicians to mandate a temporary emergency credit for chip cards and readers, to be used when the network is down.
The banks and Visa could share the credit risks, to give them some incentive to make services that works.
- mmt 8y agoBe careful of unintended consequences, though. It could create a perverse incentive for fraudsters to take down the system in a way that's outside the control of the banks and Visa, which could mean outages of many more services.
- magicalhippo 8y agoHere in Norway our debit cards (BankAxept) still work without communication. The customer has to sign a copy of the receipt which is then sent to the bank by the store (with next cash drop/pickup). It's a bit of a chore when the whole system goes down, but at least you can still get your groceries and whatnot.