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Credit Card, Bank Card NFC. The most useless function every invented
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Halcyon:

--- Quote from: retiredfeline on March 03, 2022, 09:13:06 am ---
--- Quote from: BradC on March 03, 2022, 09:10:18 am ---Any transaction in Australia >= $100 requires a PIN.

--- End quote ---

Was raised to >= $200 at the beginning of the pandemic.

--- End quote ---

That was supposed to be temporary but kept getting extended. I don't mind it though.
DiTBho:

--- Quote from: Berni on March 03, 2022, 08:02:36 am ---Not even a need for a special service for this like ApplePay or GooglePay (Unless you own a device made by a manufacturer that actively takes steps for that to be impossible on there devices for the purpose of creating a monopoly...)

--- End quote ---

Yup, and also Garmin-Pay to pay for your Ski-lift. Some ski resorts accept it.
I might buy a Garmin smartwatch but don't like this proprietary payment feature.
Brumby:

--- Quote from: Halcyon on March 03, 2022, 09:22:34 am ---
--- Quote from: retiredfeline on March 03, 2022, 09:13:06 am ---
--- Quote from: BradC on March 03, 2022, 09:10:18 am ---Any transaction in Australia >= $100 requires a PIN.

--- End quote ---

Was raised to >= $200 at the beginning of the pandemic.

--- End quote ---

That was supposed to be temporary but kept getting extended. I don't mind it though.

--- End quote ---
I wouldn't be at all surprised if it was a permanent change.

The non-contact thing has been a brilliant function within a Covid world.  Whether card or mobile device, reducing physical contact is the best infection control you could have in a retail setting.  I've seen people do a "hover" with their card, so even it doesn't touch the terminal.

From what I have observed, it's also faster processing a long line of customers than card insertion or swiping.

As far as risk is concerned, from what I understand, the financial institutions have policies in place to deal with fraudulent transactions ... something they have had to deal with since credit cards came into being.
SeanB:
NFC works well, and in general with almost 99% of the transactions they are online, with the card validating to the terminal, and the terminal validating to the bank immediately. Offline most of the time NFC will error out, or ask for you to insert the card, and require a PIN entry, so that it can store the transaction for later processing. Here the limit before NFC asks for the PIN is R500, roughly $33US, and pretty much every single merchant rund either NFC or chip and pin.

The only standout is the good old SA Post Office, still using XP as front end processing, and with terminals that have NFC and chip on them (as the old ones wore out and got replaced) that is unused, as the POS application they use has no ability to use those features, so they are still using swipe and PIN for transactions, though of course only for some, as most transactions you need to pay in cash.
Halcyon:

--- Quote from: Brumby on March 03, 2022, 01:14:19 pm ---As far as risk is concerned, from what I understand, the financial institutions have policies in place to deal with fraudulent transactions ... something they have had to deal with since credit cards came into being.

--- End quote ---

Since getting rid of the old magnetic stripes here, cases of card fraud has fallen which ultimately save the banks a lot of money. As technology improved, fraudsters had to find new ways of stealing from people. As chips and NFC became more prevalent, the instances skimming dropped significantly, but instances of "card-not-present" fraud started increasing. By 2017-2018 financial year, CNP fraud accounted for 85% of all fraud on Australian cards. Basically, it's not the technology on the card itself that crooks are exploiting, rather stealing cards from mailboxes and selling those details online is a popular move.
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