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Most of Europe is moving to contactless card payments and PIN is needed only for large amounts (over 20 euro, recently raised to 60 euro) and for cash withdrawa
by rini17 6y ago
Most of Europe is moving to contactless card payments and PIN is needed only for large amounts (over 20 euro, recently raised to 60 euro) and for cash withdrawals. The result is I already happened to forget the PIN, fortunately I had another card.
So, stolen card can be used for small payments, but there's easy process to immediately block it (via app or internet banking).
- ulfw 6y agoGood banks allow you to pick your own PIN. For some reason in Europe few do that.
- fomine3 6y agoLooks strange. All my 10+ cards in Japan allow to pick a PIN.
- _trampeltier 6y agoJapan is funny anyway. 15 years ago I could go to every ATM to get cash. Now I think it is just possible to get cash from a 7-Eleven ATM with a non japanese card.
- fomine3 6y agoNow we can withdraw cash from ticket vending machine on train station but maybe no one actually use it. https://www.gmo-pg.com/en/corp/newsroom/press/gmo-paymentgateway/2019/0424.html https://www.gmo-pg.com/en/corp/newsroom/press/gmo-paymentgat...
- watwut 6y agoReally only few? I thought it normal to change your pin in the ATM.
- tjoff 6y agoSince it often is completely unencrypted just use an android phone or whatever to get the details. And since the small-payment-limitation is just in the payment terminal you don't have to care about that either. And blocking the card isn't even immediate. Card doesn't even need to leave victims pocket to read it. You can't make this stuff up.
- manuelmagic 6y agoAre you claiming that contactless payment are unencrypted?
- tjoff 6y agoThere really isn't a "payment", the card broadcast everything needed to anyone who asks. There is no handshake or anything. And yes, it is unencrypted in a lot of countries. There are even apps in the play store for reading them.
- garaetjjte 6y agoThis is just wrong. https://en.wikipedia.org/wiki/EMV#Transaction_flow https://en.wikipedia.org/wiki/EMV#Transaction_flow Card processes transactions internally, tracks usage limits for offline, etc. Other way you couldn't read transaction history with these android apps. (but I think history access is now restricted and can't be read from new cards)
- tjoff 6y agoNo, there are different solutions, and where I live the common practice is to perform the contactless operation while the cashier is still scanning the goods (and thus the total has not even been established), and just press ok when the final total is presented and be on your way. (if the total exceeds a certain number you will be prompted to enter your PIN, but you do not need to use your card again) It pretty much is the same thing as swiping the magnetic stripe. I've read out the information from the card myself and there are multiple demonstrations of it where they have a more powerful antenna and read it from peoples pockets in their wallets.
- baby 6y agoI forgot my PIN too on some cards but that’s because they didn’t have an app that allowed me to easily customize the PIN. But yeah contactless is so practical, paying in the US is such a slow experience in comparison.
- sgerenser 6y agoI’d say about half of the stores I frequent have contactless payment terminals in the U.S. Far from universal but it’s not like it doesn’t exist here.
- baby 6y agoyeah but my US bank cards don't support it :( if I pay with my European cards people freak out ("WHAT IS THIS!!!")
- sgerenser 6y agoI think Coronavirus has pushed many US banks to issue contactless cards. Just got new contactless ones from Amex, Chase, and Bank of America in the past couple months.