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The concern over fraud goes the other way in Europe. We don't like the "pull" model and worry about our card number being used without our authorization. Debit
by wcoenen 7y ago
The concern over fraud goes the other way in Europe. We don't like the "pull" model and worry about our card number being used without our authorization. Debit card payments usually require card presence and PIN for each transaction, making stuff like that impossible.
- gruez 7y ago>Debit card payments usually require card presence and PIN for each transaction Presence and pin? How does that work online? Even if it's pin only, aren't you still screwed if you get phished?
- HenryBemis 7y agoNot for online, for physical purchases. Another fundamental/SHOCKING difference between Europe vs USA is that when you pay with your card in a restaurant in Europe, the waiter brings the POS over to you, while in the USA the waiter disappears with everyone's cards for 5mins ;) Not good security is it? They can take their time to scan/photograph the cards etc, while in Europe the card's details are for seconds and right in front of you.
- wcoenen 7y agoOnline payments usually go through something like 3DSecure, where you get redirected to your bank and need to authorize the payment amount with a digipass or card reader, which require a PIN.