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Basically 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 poin
by Nursie 4y ago
Basically 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.