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I suppose you are right now that i think about it more closely. If I’m present for the transaction and using the card, I’m using chip or NFC, so no one bothers
by TedDoesntTalk 4y ago
I suppose you are right now that i think about it more closely. If I’m present for the transaction and using the card, I’m using chip or NFC, so no one bothers to ask for the CVC. They know I have physical possession of the card and that it’s not a fake because NFC and chips are too hard to fake?
- Nursie 4y agoBasically yes, but I still find it unusual (having worked in the industry) if you were ever asked for it in a customer-present situation, because the whole point was that it was for not-present situations. But then I find many things about payments unusual, like the longevity of mag-swipe in the US in the face of much better tech… I’m happy not to really be in that world any more :)
- TedDoesntTalk 4y ago> the longevity of mag-swipe in the US Yes, it was strange. My guess is it was simply related to cost: cost of replacing hundreds of millions of POS terminals and hundreds of millions of plastic cards by snail mail. Perhaps it was easier in countries with a smaller population and/or fewer merchants because the scale was just smaller.
- Nursie 4y agoI did hear that way-back-when, and that the relative power of the retailers vs the banks and networks was fundamentally different in the US, so it couldn't easily be imposed.