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11-23-2015, 11:43 AM
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#41
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
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Square has introduced their contactless/chip reader. You insert a chip card into it or wave your contactless card/ApplePay/GoogleWallet/whateverNFC. It's $49, which isn't bad, but their old swiper thing was free (they actually still include one with the new reader).
I see lots of these (Square devices) at farmers markets and such. It's a cheap way to turn your iPhone/iPad into a credit card reader.
https://squareup.com/contactless-chip-reader
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11-23-2015, 12:52 PM
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#42
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 2,288
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Quote:
Originally Posted by mpeirce
Square has introduced their contactless/chip reader. You insert a chip card into it or wave your contactless card/ApplePay/GoogleWallet/whateverNFC. It's $49, which isn't bad, but their old swiper thing was free (they actually still include one with the new reader).
I see lots of these (Square devices) at farmers markets and such. It's a cheap way to turn your iPhone/iPad into a credit card reader.
https://squareup.com/contactless-chip-reader
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Those things cost $49 but the first $49 in fees using the new reader are free.
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11-23-2015, 01:37 PM
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#43
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
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There's a liability shift with the onset of chipped cards.
Merchants who still use magnetic readers and are hacked are liable.
Gas stations are exempted from this shift for another year or two while other merchants were suppose to have deployed EMV terminals by October.
Not sure if the CC companies will change the terms once enough locations take EMV cards. They might blame the card user for any hacks once they have chipped cards and most of the locations take chipped cards.
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11-23-2015, 06:27 PM
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#44
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 280
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11-23-2015, 06:28 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,609
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Quote:
Originally Posted by explanade
There's a liability shift with the onset of chipped cards.
Merchants who still use magnetic readers and are hacked are liable.
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Or accept a stolen CC that is EMV enabled without using EMV hardware on the merchant end.
Quote:
Not sure if the CC companies will change the terms once enough locations take EMV cards. They might blame the card user for any hacks once they have chipped cards and most of the locations take chipped cards.
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Card holders are protected by current Federal law to limit responsibility for "billing errors". Also the card holder does not control if there is a chip in his/her card, nor how the merchant processes the card.
The liability shift is purely between the merchant and the relevant bank.
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11-24-2015, 07:50 AM
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#46
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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My CU called yesterday to tell me my card had been compromised...
Guess they downloaded the stuff from the aforementioned skimmer; my name had to be the last one on the list. They're sending a new card.
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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11-24-2015, 08:08 AM
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#47
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by winger
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Saw that report too last night. Crazy how someone could just get a master key for the gas pump and install the skimmer. Just as crazy with the worker doing a double swipe to steal the card info.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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11-24-2015, 12:57 PM
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#48
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,609
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Quote:
Originally Posted by HFWR
My CU called yesterday to tell me my card had been compromised...
Guess they downloaded the stuff from the aforementioned skimmer; my name had to be the last one on the list. They're sending a new card.
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Or perhaps the CU had their own record of your card being used at the pump where the skimmer was installed and assumed every card was captured/compromised within a given window of dates.
-gauss
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11-24-2015, 01:44 PM
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#49
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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Quote:
Originally Posted by gauss
Or perhaps the CU had their own record of your card being used at the pump where the skimmer was installed and assumed every card was captured/compromised within a given window of dates.
-gauss
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This skimmer was at his CU, not at a gas pump, FWIW.
__________________
Retired since summer 1999.
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11-24-2015, 01:46 PM
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#50
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
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Which ATMs these days do not have a camera?
How would they install a skimmer on an ATM without being caught, though who knows how far back they keep the videos.
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11-24-2015, 01:50 PM
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#51
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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It does make one wonder.
It should be standard procedure to check ATMs outside a bank or credit union at least a couple of times a day, and certainly first thing in the morning. But I suspect many branches haven't caught on to the new reality yet.
__________________
Retired since summer 1999.
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11-24-2015, 02:03 PM
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#52
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
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My last trip to Europe, a couple of ATMs printed receipts which said processed by chip when I used my Schwab debit card.
And these were old-looking ATMs too.
There was some kind of motorized mechanism, which pulled the card in and pushed it out when done.
There were no signs or logos indicating that it read EMV cards but I guess chipped debit/ATM cards would likely be more common in Europe than in the US.
My main credit union debit card also has a chip but not sure the credit union itself has chip reading ATMs. But I'm more likely to use third-party ATMs anyways.
I think Chase and Citi are deploying chip ATMs.
I hope they support Apple Pay too at some point.
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11-24-2015, 03:27 PM
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#53
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Recycles dryer sheets
Join Date: Apr 2008
Posts: 173
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Quote:
Originally Posted by utrecht
Surely you can understand why? Anyone could call them and say that they didnt get the gas that was pumped using their credit card. Your card was scanned and gas did get pumped. I believe you, as you have no reason to make this up, but it would sound pretty suspicious in general.
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I do understand that. However, wouldn't a check of our profile to see if we are the kind of people who dispute charges show that we aren't? We've had one dispute in the past 15 years with the company in dispute admitting they charged our card incorrectly and, again, we have always paid our bill in full, never late. The guy at the CC company even said that and still. . .
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11-24-2015, 04:05 PM
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#54
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
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I am still quite confused about debit vs. credit, when to sign, when to use my debit card PIN, etc. Sad to say I just never bothered to investigate and learn the differences/advantages.
Is there a website that explains the differences and advantages?
The local gas stations require me to use my zip code to authenticate purchases....is my zip code included in the magnetic strip data?
I just received a Visa prepaid debit card (product rebate) and I when I called to activate the card, I had to select a PIN (so obviously not part of the info recorded on the card?). Is the PIN included in the magnetic strip on my debit card?
It seems like there are many ways to cut down on fraud but the industry doesn't really care as long as the losses are low enough to spread the cost around to all users without it being noticeable. When BofA started putting photos on their cards, I thought surely this will spread to all cards but it doesn't seem to be popular at all.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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11-30-2015, 03:50 PM
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#55
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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New Krebs article on gas credit card skimmers and subsequent fuel theft rings. http://krebsonsecurity.com/2015/11/g...kimming-scams/
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Retired since summer 1999.
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11-30-2015, 10:03 PM
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#56
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,130
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I think that zip code authorization and debit card PINs are transmitted to the bank, and are not stored on the magnetic strip.
CHIP & PIN cards have the PIN encoded in the chip I believe and in places like the UK you can go to certain ATMs to change the CHIP to one of your choice. The initial PIN is generated by computer and not recoverable or able to be reset via a phone call.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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12-05-2015, 06:48 PM
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#57
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,299
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I'm thinking cupidity is the greatest way to get your card info compromised.
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12-05-2015, 07:05 PM
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#58
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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Wait! What a great way to pick up some CVCs!!!
OK - that was your point, LOL!
__________________
Retired since summer 1999.
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12-05-2015, 07:50 PM
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#59
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 4,204
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Think I could get that site. I have a couple of cards to check
__________________
If it is after 5:00 when I post I reserve the right to disavow anything I posted.
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12-05-2015, 08:15 PM
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#60
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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I thought it was spelled "stupidity."
I have to admit, ever since HFWR posted this thread I've been jiggling every POS where I use my card. No suspicious looseness yet.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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