Discover no longer requires a signature for an in-store purchase.

[El Supremo]

No PIN either.



I chatted with them and they assured me that the chip in the card has all sorts of security and that I would not have to pay for any unauthorized transactions.

Sure!

[WillowTree]

1. Mine's been that way for a while now.

[El Supremo]

2. I'm a little slow.

Most of my Discover charges have been on the internets.

But I bought a new 'puter at BestBuy this week and was shocked, shocked I tell you!

[WillowTree]

5. I hope you know that I didn't mean to imply that you're slow.

I tend to use my Discover for whatever they're giving 5% cash back for the quarter. Last quarter it was grocery stores, before that gas stations etc. Right now it's restaurants, so I pull it out whenever I buy lunch or go out for dinner. It adds up.

[Retrograde]

3. Does the card have a PIN?

Chip cards with PINs have been in use in Europe for quite a while now.

[El Supremo]

4. No

You have to get one only for cash advances.

[htuttle]

6. I discovered that the chip is basically pointless a few weeks ago when I had a card with a bad one

My card's chip couldn't be read, since some of those chip readers out there are kind of screwed up and seem to score the card with scratches. At every place I tried to use the chip, it would fail three times, and then let me swipe the mag strip. At that point, I could choose Credit and be on my way. Capturing a signature doesn't really help to prevent fraud from cloned cards, since the clerk isn't going to be able to compare it to anything.

Meanwhile, probably at least 70% of card fraud happens on the internet, and nothing has been done to address that.


Sorry, venting...

[Blue_true]

9. Catching the perps is really tough.

There is a criminal element out there that does all types of tricks. Police netting them need to be lucky, or be dealing with a dumb link. It is frustrating if you have had fraud done to you like I have. It isn't the money lost that is the problem, it is the loss of feeling secure, it is like KNOWING that you had locked every door in your house and had the security system active, only to awaken with a stranger standing over your bed - sorry for the creep out graphic, but that is how it feels to me - a total loss of feeling that the financial tools that I use are secure anywhere.

[hunter]

7. Recently going to the movies I've noticed they require no signature and no pin.

Best I figure theaters have agreed to eat any fraudulent charges. Popcorn and soda are cheap, and there's usually empty seats when the movie starts. And they've got security video too.

I'll bet a crook can steal a night at the movies only once, and is it really worth the risk?

It would be a pathetically bad and embarrassing date if the cops showed up to haul your ass away for using a stolen credit card to buy overpriced popcorn and two cups of sugar water.

[GulfCoast66]

8. Another example of a spineless congress

The whole idea of the chip was to have a PIN. And Europe adopted it. Chip and Pin where you insert your card and type your pin. As secure as it gets.

But big retailers lobbied against it since it would cost Sooo much to change their system.

So now we have the worst of both worlds. We do not reap the benefits that the chip should’ve given us. And when we go to Europe there are lots of places we could not use our card.

Total cluster fuck.

[dixiegrrrrl]

10. Mastercard debit same-same, I found out.

First time I have used the card since I got it new last winter.
just slide it in and take it back.

I do keep receipts of debit payments,tho, until I blance the checkbook once a month.