you don't get the girls all flustered by flashing a debit card at them...Does he not know what a debit card is for?
you don't get the girls all flustered by flashing a debit card at them...Does he not know what a debit card is for?
You do when you flash a black card walking to a private jet. Lol talk about thread hikackingyou don't get the girls all flustered by flashing a debit card at them...![]()
I keep 2k cash around all the time just for emergencies. Always have 200 in cash on.me at all times. Some purchases don't need a record of it.Yes, and I was intentional in that. What makes sense for an individual or family to keep on hand in hard cash depends on their specific situation/needs, same for "carry" cash. I can't imagine that carrying around 10k on my person would be any benefit, and would likely be far more of a liability in making me a target -- or making for some interesting explanations to a LEO if discovered.
Well this isn't true, for the reasons I listed. There are things that only the debit card works for. Also, it's not unsecured. It requires a PIN, and it's got some kind of fraud protection, though not sure exactly what.
Let's look at your list compared to mine – I've highlighted the items that can't be part of the discussion:
1) Take out bag to retrieve wallet
2) Remove card from wallet
3) Slide card into slot in ATM
4) Enter PIN
5) Conduct transaction
6) Remove card from slot in ATM
7) Replace card in wallet
8) Replace wallet in bag
#1 The reality is that most men carry a wallet in their pocket, not a bag, I would suspect. But even if that's not the case, one could make the argument that the phone is also in that backpack/bag. So that entire part of the argument is moot.
#3 You have to hold/tap your phone on the pad on the ATM, no more or less easy than sliding a card in the slot, so that part is moot.
#4 You have to enter the pin with the phone as well, so that part is moot.
#5 You have to "conduct transaction" with the phone as well, so that part is moot.
#7 have to replace your phone to wherever you keep it while driving (cmon, you don't drive with the phone in your hand, do you?), so that part is moot.
#8 See #1 and #7, so that part is moot.
If you still enter the PIN, what's the point? FaceID/TouchID authentication not enough?
Possibly, and I also suspect (as someone else said) that the back-end transaction processing systems expect a PIN -- so for the time being new replacement technologies will also require a PIN. Large multicompany systems evolve slowly.This is probably really helpful in avoiding the card skimmers that keep getting more sophisticated on ATM machines. Even with entering a PIN, that's a benefit in and of itself.
Close. With ApplePay, when you set up a card in your phone it gets a unique card number from the card issuer that is specific to that phone and is different from your actual card number. Then when you use the card in Apple Pay there's a unique one-time-use token passed through the system. That is what protects against someone picking up the card info in transit. Apple has a white-paper on the details of all this, it's a neat read -- the system is very secure reltaively speaking.Plus, if I recall correctly, when you use Apple Pay, the cards generate unique codes each time, rather than providing your actual credit/debit card number, so if the machine itself gets hacked, they don't get your card number, just the one-time use code that can't be used again
Can you link the actual card to the checkbook app? If you can the Apple Pay transactions should automatically fill in the app as if you were to use the card.
I posted earlier comparing my experience with credit card fraud with a coworker's experience with having her debic card compromised. tl;dr version is it didn't cost either of us monetarily but it did cost her hours on the phone straightening out the cascade of bounced payments already in flight when her account was emptied.
This is one of the reasons I try to only ever use the ATMs INSIDE my bank branch (there's a branch on the corner near my apartment, so...easy), and I get push alerts on my phone every time I make a transaction for ANYTHING.
Well, yeah. Go where the money is. Target the communities where folks are more likely to have five-digit balances instead of the communities where folks likely have two-digit balances.*I think the thieves knew what they were doing here on multiple levels.
Every Friday morning, I pull a week's worth of cash out of my local ATM. The cash lasts me a week. So if the power goes out, I can spend (while everyone else cannot). And trust me - when the power goes out, retailers LOVE me because my cash helps them make money during down times.When the power is out you shouldn’t be going to stores anyway. And there’s always the knuckle buster credit card machines. How would you pull out cash from an atm when the power is out? You can’t possibly give the advice people hide it under their mattress.
Where do you live where power goes out so often like this? I’m here in AZ with no natural disasters and barely ever any power outages. Also I can still spend, ATMs have battery backups too. So do point of sale terminals, with working CC processing.Every Friday morning, I pull a week's worth of cash out of my local ATM. The cash lasts me a week. So if the power goes out, I can spend (while everyone else cannot). And trust me - when the power goes out, retailers LOVE me because my cash helps them make money during down times.