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It could simply deny transaction requests in foreign currency.
by mey 12y ago
It could simply deny transaction requests in foreign currency.
- tormeh 12y agoThat doesn't sound like something the EU would be glad to hear...
- mey 12y agoWhat's worse, additional steps to validate the transaction via swipe or unlimited purchase side by changing currency? It's an insecure design, I'm suggesting a simply approach that doesn't require the card to be more intelligent about international financial markets and exchange rates in real time.
- dwild 12y agoSet a limit for each currency and if it's not on that list, deny it.
- Guvante 12y agoWhat about currency's that fluctuate? The rate can change a lot in the several years a card is in consumer hands.
- TheLoneWolfling 12y agoOr, you know, it could simply not do financial transactions over wireless.
- Guvante 12y agoWhy? The only way it is going to post is if the bank accepts it. Since the card can't know the conversion rate "allow anything" is a perfectly reasonable action.