Post by: gunug on August 06, 2016, 11:40:34 AM
Things like this or tin foil wrappers:
https://www.fossil.com/us/en/wallets/mens-w...ng-wallets.html
My bank, who just issued a new card says there isn't any danger!
Post by: jchuzi on August 06, 2016, 12:09:09 PM
Post by: kimmer on August 06, 2016, 01:01:28 PM
All of mine are the new EMV chipped cards and they can't be read remotely.
http://www.mybanktracker.com/news/chip-car...ireless-thieves
Post by: Paddy on August 06, 2016, 01:02:34 PM
As for the time it takes to enter and verify - that's negligible.
http://www.usatoday.com/story/money/person...ll-do/73145306/
Re: contactless payment (which we also have - see the limits above):
http://www.infoworld.com/article/3023422/s...ing-wallet.html
No issues that I'm aware of here in Canada...
Post by: kimmer on August 06, 2016, 03:21:20 PM
QUOTE(Paddy @ Aug 6 2016, 10:02 AM) <{POST_SNAPBACK}>
Well, they've been standard issue here in Canada for years now - and they work well. We, like the rest of the known universe other than the US, have chip & PIN though - so unless the transaction is under $50 (some stores) or $100, you need to enter your PIN as well. I have no clue why the US would not adopt that ...
Totally agree. The US is sometimes so backwards with technology. So far I have only found ONE merchant that actually uses the chip for checkout, and that is JoAnn's Fabrics. None of the major grocery stores do, and most state that they have no intention of signing up for the chip card. They all have the machines because apparently Oregon has some obscure law that requires the machine, but doesn't require them to function as anything other than the old swipe and sign.
Post by: RNKIII on August 06, 2016, 04:15:03 PM
Bob K. rnkiii
Post by: Highmac on August 06, 2016, 04:49:02 PM
The only warning we've had is not to keep the card in a wallet when using it if you have more than one contactless card - you may find the payment has been taken from more than one account
Most large and medium-size businesses here no longer take cheques. Last time I did have to use a cheque, a year or so ago, the previous one in the book was dated 2007!
Small traders like plumbers and maintenance people generally ask for payment by BACS, which means we pay online and they don't have to carry cash or cheques to their bank.
It also allows us to move money from, for example, a savings account to a current account with a different bank. And it arrives within a couple of hours and sometimes a couple of minutes. On one occasion we made the payment while he was still in the house and he used his iPhone to confirm he'd got it - before he went out of the door.
Post by: Paddy on August 06, 2016, 07:46:45 PM
QUOTE(Highmac @ Aug 6 2016, 05:49 PM) <{POST_SNAPBACK}>
We use Chip and PIN in the UK too - have done for yonks. Can't recall the last time I had to sign. We also have Contactless (it has magically become a noun) which our bank limits to 30GBP.
The only warning we've had is not to keep the card in a wallet when using it if you have more than one contactless card - you may find the payment has been taken from more than one account
Most large and medium-size businesses here no longer take cheques. Last time I did have to use a cheque, a year or so ago, the previous one in the book was dated 2007!
Small traders like plumbers and maintenance people generally ask for payment by BACS, which means we pay online and they don't have to carry cash or cheques to their bank.
It also allows us to move money from, for example, a savings account to a current account with a different bank. And it arrives within a couple of hours and sometimes a couple of minutes. On one occasion we made the payment while he was still in the house and he used his iPhone to confirm he'd got it - before he went out of the door.
The only warning we've had is not to keep the card in a wallet when using it if you have more than one contactless card - you may find the payment has been taken from more than one account
Most large and medium-size businesses here no longer take cheques. Last time I did have to use a cheque, a year or so ago, the previous one in the book was dated 2007!
Small traders like plumbers and maintenance people generally ask for payment by BACS, which means we pay online and they don't have to carry cash or cheques to their bank.
It also allows us to move money from, for example, a savings account to a current account with a different bank. And it arrives within a couple of hours and sometimes a couple of minutes. On one occasion we made the payment while he was still in the house and he used his iPhone to confirm he'd got it - before he went out of the door.
We use electronic payment more and more too - there is a daily limit of $3000 on it though, and a weekly limit of $7000 (if I recall). So it's useful, but when you're paying contractors large sums, it may still require a cheque. When a postal strike was threatened recently, I called our accountant's office to ask if they took e-payment and was surprised that the answer was "no - please mail the cheque." Practically every other professional I've dealt with lately has offered it, and I am quite happy if people want to pay me that way.
NO stores take cheques in Canada - haven't done so for years. I remember being surprised when we moved to the US in 1991 that stores would take cheques, so it's been that way for a long time here.
Post by: Xairbusdriver on August 06, 2016, 08:03:45 PM
What's all the fuss about Amurican behaviors?! I say we stand our ground and don't give 2.54cm!
Post by: kimmer on August 07, 2016, 10:14:35 AM
QUOTE(Xairbusdriver @ Aug 6 2016, 05:03 PM) <{POST_SNAPBACK}>
Only ever have one credit card. It has a chip. Places I shop at that use it: Home Depot, Kroger ...
Hmmmm ... we have a Kroger here under the name of Fred Meyer's and they still don't take the chip card, you have to swipe the card. I should talk to the manager about this.
Post by: Xairbusdriver on August 07, 2016, 02:39:16 PM
Post by: kimmer on August 07, 2016, 05:04:56 PM
QUOTE(Xairbusdriver @ Aug 7 2016, 11:39 AM) <{POST_SNAPBACK}>
Like most big corporations, Kroger has the country/world divided into geographical regions. The headquarters for this region is in Memphis. Each region does some things at different times. Same may apply to this process. Plus integrating Fred Meyer's may require different tasks/attitudes/etc.
Doesn't mean I can't go
Post by: Xairbusdriver on August 07, 2016, 07:20:28 PM
Post by: eric j on August 08, 2016, 11:30:40 AM
Negative interest rates are possibly coming into in force in an increasing number of countries.
The bank that holds your money pays out less than you put in.
At present few are affected but a Bank of England official (Haldane) recently said in public that should negative interest rates become larger and more widespread, people will withdraw their money from the banks and keep it in safe boxes or under the mattress etc.
Therefore the authorities will outlaw cash and allow payment by card only. Then those authorities will be able to keep money supply and money flow under state control.
Card payments are convenient but ultimately subject to restriction by others.
Post by: Xairbusdriver on August 08, 2016, 02:04:55 PM
Personally, I'm heavily invested in gas lanterns. Once this electricity fad blows away, I'll be in high cotton (that means I'll be very rich, for you non-farmers.
).