Wat.
Chips take forever to authorize and work less reliably, from my experience. The fact that the industry is taking a step back in convenience and a step forward in security only helps NFC technology expand.
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Square Launches NFC Reader to Bring Apple Pay to Smaller Businesses
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Wat.
Chips take forever to authorize and work less reliably, from my experience. The fact that the industry is taking a step back in convenience and a step forward in security only helps NFC technology expand.
It has never been slow for me either. It Is Slow with chip debit cards however. But credit cards chip is actually fast.
Every time I watch a chip transaction, this includes watching others, it is always faster to simply swipe. I've never seen a chip transaction take less time than swiping.
Poor marketing image. They should've turned the iPhone at a slight angle instead of lining it up perfectly with the reader. It would have made it more obvious at a casual glance that the iphone is just being held near the device as opposed to attached to it like the magnetic swipe reader:
Obviously, you don't attach a NFC reader, but it just looks better and more natural to not line them up.
I think you took their comment out of context. NFC when it was this big buzzword at the time, wasn't ready for the lime-light and Apple wasn't going to rush to put it in all their products if it wasn't "NEEDED" yet.
They were correct... look, it's 2015 and still NFC isn't widespread in small shops and businesses. I like that Apple doesn't rush into whatever's hot at the moment.
Those new readers are terrible. Swiping was a very quick operation. Now you have to put it in and leave it there, listen to it buzz at you and if you jump the gun and remove it too soon, the whole transaction is cancelled.
It's called feedback and having an opinion, quit shilling for for a company who creatively learned how to skim money off the top of productive people. Square bans firearm sales from its transactions, that's all I need to know about these self-righteous control freaks.
I agree, the whole chip thing is a debacle. Takes WAY too long to do a simple transaction.
Us Americans sound like such idiots when comments like this are made.
Do you even know why we're switching to chipped cards? Do you know the first thing about them?
Yeah, it's because banks are tired of carrying the cost of credit card breaches. If retailers didn't take chipped cards they'd be the ones eating any card breach related costs.
No consumer benefit to credit card users, possible benefit for debit card users.
2.75 is peace of mind for my business vs. taking counterfeit checks.
Chip hasn't been a debacle for every other country. But NFC will take care of that as with most merchants but target and Walmart if you take chip, you also take NFC
So in other words you don't know the first thing about these chipped cards, gotcha.
I use credit cards for almost every purchase, but that doesn't mean I want it skimmed and then have to update all of my information through my vendors or go through the process of calling Chase and explaining what happened. I'd also rather have a dynamic transaction code for every transaction, rather than a static information transfer.
Ask the Brits and the Canadians about the benefits of the chipped cards... Look at how low their fraud rates are now compared to what they were before they implemented chip cards.
From my experience, most American's are too lazy to try something new. It's like we're dumber than every other country even though we have more money than most.
We're talking about the US lol Anything with number is considered too hard for the majority of them
Hmm I guess that could happen, but inorder to get a square account you'd have to supply a Social security number and a bank account. I guess you can make a fake account....
Actually, he was correct and he seems to know more than you about the chipped cards.
The only reason for them is to protect banks. If you are sold on their PR campaign that it's for "your protection", then you should also probably put LoJack on your car. Corporations will do anything to maximize profits.
It's sad because it never used to be like this. Is it our generation?
Do you know why Europe invented chip cards? It's because their government monopoly phone calls are expensive. EMV was developed in 1995 to allow European merchants to authorize cards offline: without having to make a phone call. This is why you have to leave the card in the machine during the entire transaction. The card needs to know how much you want to purchase and whether the purchase was successful to update its internal counters. After a certain number of transactions or value, the card has to check in with the bank. This is also why they use PIN: a card can be valid long after you report it stolen because it hasn't checked in.
When they developed contactless, people had the Internet and online transactions were not a big deal at all. Contactless, like Apple Pay, stripped out all of the fancy offline features and basically left only authentication. Now, the card/phone never needs to hear back from the bank or know how much the transaction was. This is why contactless is referred to as "open-loop EMV"
This is why EMV's protection is incomplete. The credit card number and expiration date are transmitted in the clear. They did not consider how much online purchasing, and hence fraud, we'd be having in 2015. EMV, in its current form, was designed to allow offline transactions at a obviously trusted merchant, so it leaves major security gaps in the way we use cards today.
So the reason why EMV is so slow and clunky is because of an obsolete design solving a problem that the US never had, while not solving big fraud issues we do have. But since you're apparently the expert, I think you already knew that.
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