Swipe-n-go no more

[harpua]

Yet another curve ball for cw equipment manf and operators

http://m.us.wsj.com/articles/BL-234B-3681

 

[mjwalsh]

Yet another curve ball for cw equipment manf and operators

http://m.us.wsj.com/articles/BL-234B-3681

Harpua,

Thanks for the Wall Street Journal Article Link. It is something I was not aware of in terms of the possibility of only receptacle style readers in the future if I read it correctly. That could accelerate NFC ... that is on a good percentage of cell phones ... including my brand new Android SamSung Phlablet smartphone??? I know on our ATM we have the receptacle style but will still have to update it to avoid the potential for being the lowest point of security making us a target for a potential liability suit. I wonder what percentage of the mounted CC acceptance on self service coin boxes are the swipe-n-go style.

Based on our experience, technology has always been a moving target with obstacles of newer OSs etc. no longer working with previous umpteen dollar investment software & hardware. I know that when I went to transfer a program to some VFDs in our Laundromat ... I am sure glad that I did not throw away one of my Windows XP 32 bit laptops because the 2013 VFD software was having trouble with the other newer computers when it came to the worthwhile ultra quick & convenient pre-done program transfer feature.

Credit card & other electronic payment methods are important but it is also important it seems to not unwittingly support the diminishing of our cash payment options. Eurozone & other countries were smart enough to not diminish their more durable higher denomination coins along with having the chip-pin card format over 10 years ago. Hopefully, it is not too late ... for us (johnnie come lately in this specific case) Americans.

Mike Walsh http://kingkoin.com/USA_Deficit_Reduction.html

P.S. What will the actual cost & practicality parameters be ... if the following potentially materializes?: http://www.techradar.com/us/news/ph...hat-is-nfc-and-why-is-it-in-your-phone-948410

 

[Earl Weiss]

What a bunch of card comapny CR*P
>>So if a merchant is still using the old system, they can still run a transaction with a swipe and a signature. But they will be liable for any fraudulent transactions if the customer has a chip card. And the same goes the other way – if the merchant has a new terminal, but the bank hasn’t issued a chip and PIN card to the customer, the bank would be liable.<<<

Seems the key to the security is the PIN. They can do that whether it's an insert or swipe system and they can do it now. They don't because if the customer loses the card they make the merchant eat it on non face to face - pay at pump transactions which they could stop in a minute with a PIN required. Instead some numb nuts decided in some cases they'd require the billing zip. If a wallet is stolen what are the chances that's the same zip as on the DL?
Bottom line- They'll stick it to someone else whenever they can for their shortcomings.

 

[cdreed06]

If a quarter of the world's cc users are here in the US then it does not surprise me that half of the fraud is here. More users = more chance for fraud. The banks are trying to pass this off to the small guy. Not surprising.

 

[Randy]

I’ve been following this issue pretty closely and from what I can gather it doesn’t look good for the car wash industry. If they require another type reader to read to smart chip card and the ability to enter a pin number it’s going to be a major expense to the car wash operator. I’ll keep my ears to the pavement and keep you posted if I find out anything more.

 

[rph9168]

I read today that most major cards will convert by the end of 2015.

 

[MEP001]

I read today that most major cards will convert by the end of 2015.

At least that means that current cards won't immediately be obsolete.

 

[cantbreak80]

Dang it…
I was an early adopter.
I’ve been getting warnings…
Microsoft stops XP support 04/2014
Dell stopped support on the PC several years ago
System creator reporting motherboard failures
Original swipers no longer available…new versions are 50% more expensive
And now this!
And just when cc sales finally broke through 50% of total sales.
Bummer. (You might notice I’m in CO)

 

[Hoser06]

I’ve been following this issue pretty closely and from what I can gather it doesn’t look good for the car wash industry. If they require another type reader to read to smart chip card and the ability to enter a pin number it’s going to be a major expense to the car wash operator. I’ll keep my ears to the pavement and keep you posted if I find out anything more.

I don't know about you guy's in the US but here in Canada, all of our chip and pin cards are also pay wave enabled for fast "tap" contactless chip authorizations. This works for all low value transactions under $50 or $100 dollars.

From the WSJ article:
So the EMV standard that we are moving toward isn’t limited to chip and PIN cards, it also includes things like contactless payments, where you can tap the card against the reader, all with the same level of security

I would think contactless, tap style payment readers would be the easiest for companies like Hamilton to implement.
No costly insert and leave-in style readers and ATM style keypads to retrofit for in-bay cc reader boxes. Gold lines could work the same way or employ the code keypad for pin entry.

As an operator in Canada, chip and pin has been a reality for us for years. All cc and debit cards issued in the last 10+ years have been chip and pin enabled. BUT, the cards could also be swiped using the mag strip and process without signature or pin for low value transactions on older mag readers. This will change as soon as the regulators decide to "turn off" mag strip authorizations. All of the major pay at the pump gas stations have been upgraded to chip and pin over the last two years when the liability shift came into effect up here. ATM's have also been upgraded.

I give my experience in Canada as an example of what's likely coming to the US in the near future. Manufactures have known about the coming changes for years or at least they should have. All one has to do is take a look at EMV established markets and design plug and play interoperable upgradable products that look towards the future.

I have three Goldlines and eight swipe style Hamilton DTT in-bay readers along with centrally located in-wall receipt printers, with plans to add more, so I'd love to hear of an upgrade path that doesn't make our purchases obsolete.

Thanks for posting the article btw.
Cheers!

 

[MEP001]

Hamilton has always been on top of the changes in credit cards, and I'm sure they'll have a solution before customers are without the mag-stripe cards.

 

[mjwalsh]

I don't know about you guy's in the US but here in Canada, all of our chip and pin cards are also pay wave enabled for fast "tap" contactless chip authorizations. This works for all low value transactions under $50 or $100 dollars.

Hoser06,

Thanks ... I was wondering when someone from Canada would chime in. It is very important that we pay attention so we learn from each other's countries. Some Americans in leadership positions seem to think because we just happen to currently have the most military power & just happen to currently have the world's reserve currency that we can ignore what is proven to be helpful in other countries.

There are other potential reasons to not put all our "eggs in one basket" when it comes to our payment systems ... ignoring durable coinage etc. One of those reasons that comes into mind is the potential of shifting responsibility for fraud onto "weak passwords" &/or as punishment for not having changed passwords at the frequency that whatever higher echelon might set.

mike walsh http://kingkoin.com/USA_Deficit_Reduction.html