Chuckanut
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If they had to compensate customers for the inconvenience of dealing with stolen CC information, I predict they would go to chip-n-pin in a New York minute.
Note that for small dollar amounts Walmart does not require signatures for old fashioned credit cards either, like some bookstores and the like the limit for the swipe cards is like $25 where a reciept is issued without needing a signature.+1
About 1000 Walmart stores have chip and pin machines up and running, and if they detect that it is a chip card, they actually require you to push the card into the slot for chip and pin cards.
But they don't require the PINs for low dollar amounts. Someone recently said they paid $130 at Walmart, and they still didn't require a PIN to be entered. So it's kind of hard to test the PIN in the US if they don't require the PIN!
That PIN doesn't work for credit card transaction, only for cash advances via an ATM and you don't want to use your card for that - high fees! BofA does not issue a chip and pin card yet, just chip and signature.Thanks Braumeister for the info. I am happy to see that and will I have the chip in my BoA card, I am hopeful they will just need to assign a pin.
Now the next step is a dynamic pin mainly for protection with online purchases. It works with an algorithm. The computer recognizes the algorithm with the ever changing pin. This technology is being used today as well but not in the USA.
Yeah, but $130?!?!Note that for small dollar amounts Walmart does not require signatures for old fashioned credit cards either, like some bookstores and the like the limit for the swipe cards is like $25 where a reciept is issued without needing a signature.
BTW - this example, the train station counter would accept NO CASH, only chip and PIN card. We tried to buy a couple of sandwiches in a train station deli, and they clearly marked the registers and "Card with Chip and PIN only" and claimed they wouldn't take my card.There are also the occasional rude counter in the Amsterdam railway stations where they pretty much tell you "no PIN, no play" even though I suspect the chip and signature would work just fine, but they don't want to deal with you. At least the main counter for international tickets specified you had to have a "chip" card, but handled chip and signature just fine.
We got our PenFed chip and pin credit cards this week. Now if I cold only test them! Walmart reads the chip but doesn't take the pin yet as far as I know - still using signature but only for larger amounts.
We'll see how Alan gets on.
Hopefully PenFed handles the travel advisory OK.
Yes, I remember you reporting a problem. I just didn't remember whether your card got blocked while you were overseas. I guess not!I'll be sure to report back, leaving on the 10th.
I was pretty disappointed with the travel advisory last year in that I was able to use the card no problem while in Europe, but back in the USA a cloned version of the card was used in walk-in stores in New York and Atlanta in June even though the travel advisory I'd set up said I would not be in the country from March 30th to September 15th, and for each month traveling I listed which countries I would be in.
I'll be trying out my new chip and signature VISA from BofA in europe in about a week. Luckily, no train travel on the itinerary, so that won't be a problem.
Is this on your statement or on your recent transactions online? I think they showed only USD online, but both currencies on my statement. Charges from NL and Belgium.
Well, I guess you will have to wait until your try to use an automated machine in Europe?I'm in Canada at present, used my Penfed card 3 times and while it works it doesn't prompt for a PIN, just asks for a signature, so I still haven't been able to test the PIN yet.
Well, I guess you will have to wait until your try to use an automated machine in Europe?
I read somewhere (did we discuss it here?) that these cards are configured for "signature priority". That is, if a signature can be obtained, the card will prompt for that, only defaulting to PIN if signature cannot be obtained. Kind of annoying that, but probably yet another Americanismo when it comes to dang credit cards!!!!!
I read somewhere (did we discuss it here?) that these cards are configured for "signature priority". That is, if a signature can be obtained, the card will prompt for that, only defaulting to PIN if signature cannot be obtained. Kind of annoying that, but probably yet another Americanismo when it comes to dang credit cards!!!!!
That's good to know. I learned years ago that my non-chip credit card was not accepted by Metro, RER, & SNCF machines in France. I recently got a PenFed credit card w/chip and hope to use it 2 weeks from now to buy my RER ticket from a machine when I exit CDG airport.That is the way our SDFCU chip & pin worked in Paris. At restaurants the waiter would put the card in the machine, but they seemed surprised when a signature receipt started printing since they saw the chip on the card. When we used it at an automated machine to buy metro tickets, it asked for the pin and worked without a problem. Wish it was pin priority, but it still worked.
That is what it looks like. Used it again today and no PIN required.Well, I guess you will have to wait until your try to use an automated machine in Europe?
I read somewhere (did we discuss it here?) that these cards are configured for "signature priority". That is, if a signature can be obtained, the card will prompt for that, only defaulting to PIN if signature cannot be obtained. Kind of annoying that, but probably yet another Americanismo when it comes to dang credit cards!!!!!
Let me suggest what might happen as well. Since in many cases there is a minimum purchase needed to require a signature (say $25) it might be a pin is required above it and none below, just like today at Wal-Mart small purchases don't require you to sign on the machine. (But other stores do so its somewhat up to the store and the cost benefit ratio of getting a signature, the same might be true of the extra time to enter a pin).