Especially once the iPhone can take NFC payments. Throw out the entire POS terminal then
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Apple Card to Lose Magnetic Stripe By 2029
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Does it actually -feel- more archaic to swipe vs using a chip and waiting… waiting… waiting… authorized! I still see people getting yelled at by clerks because they took the card out too quick.
One good thing to come out of the pandemic is that so many people who swore they’d never use contactless were forced into seeing how convenient it is. And in turn, many retailers that disabled contactless payment (Target, CVS etc) flipped the switch and now I can ApplePay almost anywhere. (But again… those darn gas stations and Walmart)
Yeah it’s pretty bad. Up until a year ago, I had to hand my credit card to the employee at a lot of restaurants (looking at you, Chipotle) so they could swipe it. No chip, no contactless. I think Covid helped move the adoption of contactless in the US.
To be fair, there are a lot of places that let you insert and remove your card while the cashier's still ringing up your purchase (e.g. no need to wait for the "approved" message). If people expect the same to happen at the places that don't let you do that, it's not really a surprise that it won't go as well.
Of course, Quick Chip (as that feature's called) is problematic for other reasons, too, but I guess there were merchants here that were never going to roll out EMV without it. So in that sense, it is a US specific quirk that we needed.
I mean, increased use is good, but we really shouldn't have needed a death toll to get us to adopt it. Hell, the pandemic itself didn't even move the needle that much (we're something like 10-15% of transactions using contactless now from like 5-6%), so it seems even more of a waste to me. I guess one of the few upsides is that there's enough use now that it'll grow on its own from here on out, so maybe in 5-10 years everyone will be using it for everything hopefully.
1 GB per disk for $99 a disk. They failed constantly. Heck, I had a Jaz disk that basically lived in my PowerTower Pro and after having to replace it three times I just gave up on it. But what could we expect during the 33 years that Jobs was gone.
yup, it sounds like you had a similar experience
and forget about using a mac formatted one on a pc, which we still had a lot of around at that point, despite it being a design school It makes sense, but it is a bit weird it has taken so long, but I suppose that's a product of the banking system in America being decades behind the rest of the west - I am genuinely completely unsure of the last time I swiped a card - 25 years ago? Maybe? Chip and pin has been a requirement for so long it's madness they still have them when nobody in the west (Bar N.America) will accept a swipe since before half of this forum's userbase was even born.
Actually, you know what, I can't even remember the last time my card came out of my wallet now, well before the pandemic, not a single place doesn't accept contactless anymore and it's been that way for over 5 years now - just do away with the cards altogether and save some money please, banks!
Actually, you know what, I can't even remember the last time my card came out of my wallet now, well before the pandemic, not a single place doesn't accept contactless anymore and it's been that way for over 5 years now - just do away with the cards altogether and save some money please, banks!
Speaking of this whole thread, I'm checking out Visa's current version of the rules and yeah, apparently the networks had the ability to just mandate merchants support chip this whole time.
Kinda makes me wonder if maybe we should have at least prohibited new magstripe hardware installations back in the early 2010s so that we'd been farther along in merchant support by the time the 2015 (or maybe 2017 given what we know now) liability shift rolled around.
Kinda makes me wonder if maybe we should have at least prohibited new magstripe hardware installations back in the early 2010s so that we'd been farther along in merchant support by the time the 2015 (or maybe 2017 given what we know now) liability shift rolled around.
A lot of other countries flat out mandated EMV by law, with "unable to accept cards at all" being the consequence for not upgrading. Here, it was more of a suggestion with maybe some financial penalties depending on how risky your business is. Honestly, I'm surprised MC bothered with any form of mandate for the US at all but if we were going to get one, it was likely going to come from them and not the government.
WOW!
I am a old retail Banking Manager by trade and those were in use a lot when I started in late 70's.....the slips created by this imprinter would be deposited into a business account very much like a check....wow you cracked open a very old memory!
Remember trying to use a credit card at grocery store checkout when it wouldn't swipe successfully, and the cashier grabs a plastic grocery bag, puts it over the credit card, and then gets a good swipe? Man, times change!
(ouchie another old memory has surfaced) Ya, but you would get a reward from the credit card company if you captured an HOT card listed in that weekly....good times..... I managed a Citgo gas station in the 70's as well...
Intresting comments, i rather prefer a card terminal that gives you option to use stripe if chip fail or viceverse.
I think to little have been talked about what is the backup if your card terminal fails or no internet.
Sux for the store owner for sure and cost a lot of money.
Remember working installing cashier system back in 2000 and supporting both cashier system and backend system for the card terminals and when card backend system failed that was a fun day.
But one store had a backup plan and survived they used carbon slips so you had a manually thingy that you moved over slip and card and got the card info on that slip not sure what its called in english .
So as a customer sure you dont care until it fails and you cant pump gas or get your grocery that day.
I think to little have been talked about what is the backup if your card terminal fails or no internet.
Sux for the store owner for sure and cost a lot of money.
Remember working installing cashier system back in 2000 and supporting both cashier system and backend system for the card terminals and when card backend system failed that was a fun day.
But one store had a backup plan and survived they used carbon slips so you had a manually thingy that you moved over slip and card and got the card info on that slip not sure what its called in english .
So as a customer sure you dont care until it fails and you cant pump gas or get your grocery that day.
Oh yeah that is a great example! Made me appreciate similar concepts like Blaze Pizza that let you use Apple Pay.
ATM & gas skimmers were in the news a lot. https://creditcards.usnews.com/articles/what-are-cloned-credit-cards
Seems like every pump I try (in the US), there is a contactless area that does nothing. So in goes the card, and about half the time it uses the stripe reader.
My gripe with the Apple Card is it is heavy.
Always trying to slide out of the 'card pocket' in my wallet
Always trying to slide out of the 'card pocket' in my wallet
I really have to ask if my credit card issuer will start to offer "touch and go" credit cards soon.
I was running a company that used Square POS in 2014-2015 and Square said if we didn't adopt the processing something like 95% of our in-person charges using Chip, Square would no longer accept liability for fraudulent charges.
Thankfully we adopted Square as a POS instead of the initial archaic Aloha that we had for the first couple years we were open. Those retailers are the ones who don't want to upgrade because the upgrade cost from a POS that runs Win 98 is insane!
The liability shift isn't exactly a mandate, though. You're perfectly free to keep swiping for years to come if you truly want to (though really, at some point using old POS systems is theoretically going to start becoming a major hassle, if only because of hardware issues).
An earlier mandate, on the other hand, would have been nice as a way to accelerate the migration and force the abandonment of non-ideal acceptance practices. For instance, instead of simply building US specific hardware that has the chip reader built into the cashier's POS display (Toast and Clover among possibly others), they could have just bought the same stuff used elsewhere and allowed customers to run their own cards. The level of integration might even be able to be reduced, helping with security long-term as the terminal does everything and only sends back approved/declined in response to a "charge $x" message--that is, no possible way for a breach in the POS to simultaneously affect card processing too (as an example).
That said, enough stores have been unhappy with the card networks for long enough that I could see a lot of them just going back to being cash only (or else pushing stuff like CurrentC a hell of a lot harder) as a "screw you" measure if they tried to mandate chip acceptance earlier than they did. Even the liability shift caused the networks to get sued by various businesses early on, after all, and I can't say I 100% blame those businesses considering how the rollout went.
I remember when you had to ask them to give you the carbons for fear they’d steal your account info otherwise.Good one. I bet most people nowadays don't even know what that was for