should credit card transactions require a PIN or code

[biffbacon]

i was just thinking about this. wouldnt it eliminate alot of fraud if anytime you made a credit card transaction, you had to put in a code? i mean you have to do it with your debit card. it seems like anymore, i am never carded for a credit card transaction, and they dont even ask you to sign for it sometimes anymore. i am happy when they card me on a credit card transaction, b/c i dont want someone else using my card.

so what do you think? why dont we use a PIN or code for CC transactions?

 

[PoPPeR]

why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

 

[Mill]

Originally posted by: PoPPeR
why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

I've had 5 people in about 3500 CC transactions even look at the back of the card.

 

[IamElectro]

Originally posted by: PoPPeR
why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

It works sometimes but most cashiers dont flip the card over, not to mention at places like walmart and other retailers where you swipe the card yourself and they hand you the reciept to sign.

I am all for thumbprint authorization

 

[Sluggo]

I have a VISA debit card and it does not require a pin # or code to use it.

 

[Barnaby W. Füi]

Originally posted by: Sluggo
I have a VISA debit card and it does not require a pin # or code to use it.

Exactly, because it's used as a credit card, generally.

Personally I don't see the problem. Fraud is pretty well protected against by CC companies.

 

[biffbacon]

Originally posted by: BingBongWongFooey

Originally posted by: Sluggo
I have a VISA debit card and it does not require a pin # or code to use it.

Exactly, because it's used as a credit card, generally.

Personally I don't see the problem. Fraud is pretty well protected against by CC companies.

i dont know about all that. i was a victim of fraud about a year ago, and my company didnt help me out at all. i used the card at a local department store (ayres), and someone (anemployee) copied down my card number. later that week, over 1000$ was spent on my card at that store, while my card was with me 200 miles away from the store. no one was ever caught, and i had to pay the balance. therefore, im all for a PIN number to use a credit card. i mean, what can it hurt?

 

[thomsbrain]

Originally posted by: Mill

Originally posted by: PoPPeR
why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

I've had 5 people in about 3500 CC transactions even look at the back of the card.

that and it won't do anything about internet fraud.

 

[Barnaby W. Füi]

Originally posted by: biffbacon

Originally posted by: BingBongWongFooey

Originally posted by: Sluggo
I have a VISA debit card and it does not require a pin # or code to use it.

Exactly, because it's used as a credit card, generally.

Personally I don't see the problem. Fraud is pretty well protected against by CC companies.

i dont know about all that. i was a victim of fraud about a year ago, and my company didnt help me out at all. i used the card at a local department store (ayres), and someone (anemployee) copied down my card number. later that week, over 1000$ was spent on my card at that store, while my card was with me 200 miles away from the store. no one was ever caught, and i had to pay the balance. therefore, im all for a PIN number to use a credit card. i mean, what can it hurt?

Any decent credit card company -- and in fact I think it may be law -- will only charge you the first $50 if you catch it within some time period that I don't recall. (sorry I've been out of the CC subculture for a while )

(wait, I think it's no charge within some time period, or $50 max after that, or something. whatever. basically it sounds like your CC company either sucked the bag, or you handled it wrong somehow)

 

[biffbacon]

Originally posted by: BingBongWongFooey

Originally posted by: biffbacon

Originally posted by: BingBongWongFooey

Originally posted by: Sluggo
I have a VISA debit card and it does not require a pin # or code to use it.

Exactly, because it's used as a credit card, generally.

Personally I don't see the problem. Fraud is pretty well protected against by CC companies.

i dont know about all that. i was a victim of fraud about a year ago, and my company didnt help me out at all. i used the card at a local department store (ayres), and someone (anemployee) copied down my card number. later that week, over 1000$ was spent on my card at that store, while my card was with me 200 miles away from the store. no one was ever caught, and i had to pay the balance. therefore, im all for a PIN number to use a credit card. i mean, what can it hurt?

Any decent credit card company -- and in fact I think it may be law -- will only charge you the first $50 if you catch it within some time period that I don't recall. (sorry I've been out of the CC subculture for a while )

(wait, I think it's no charge within some time period, or $50 max after that, or something. whatever. basically it sounds like your CC company either sucked the bag, or you handled it wrong somehow)

im not sure exactly what happened, but it still happens. my friend is in management in another large department store, and they caught one of their employees doing the same thing i described above. she had been doing it for over 2 years. the fbi came in and everything. im not sure who had to pay what for the fraud this employee conducted, but my question is why not just add a PIN? a PIN wont do much for internet fraud, but i think it could almost completely eliminate in person fraud.

 

[Barnaby W. Füi]

Originally posted by: biffbacon
but my question is why not just add a PIN?

Because the current system is ancient and it would be a massive undertaking to upgrade it?

 

[imthebadguy]

fvck no

 

[biffbacon]

Originally posted by: BingBongWongFooey

Originally posted by: biffbacon
but my question is why not just add a PIN?

Because the current system is ancient and it would be a massive undertaking to upgrade it?

i say slowly phase it in. make the system just like using a debit card at the grocery store or any place where you are asked for your PIN instead of your signature

 

[Yossarian]

Originally posted by: PoPPeR
why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

that is an invalid credit card according to the banks. you have to sign it.

 

[Confused]

They are introducing "Chip and Pin" cards in the UK.

These require you to enter your PIN into a numberpad whenever you make a transaction.

A good idea IMO, as no one ever looks at the back of the card for the signature.

I actually say thank you to people who do look at my signature, because there are so few people who do. Even though this number is sure to dwindle as more places use CnP


Confused

 

[imported_Phil]

Originally posted by: Confused
They are introducing "Chip and Pin" cards in the UK.

These require you to enter your PIN into a numberpad whenever you make a transaction.

A good idea IMO, as no one ever looks at the back of the card for the signature.

I actually say thank you to people who do look at my signature, because there are so few people who do. Even though this number is sure to dwindle as more places use CnP


Confused

Aye. Still, it's frightening how many people not only don't know their PIN number, but keep it on a piece of paper in their wallet.

Gotta love the security-conscious UK peeps

 

[CTrain]

Do what Amex does, most of the transaction require the zipcode to match the address of the card.
While it won't eliminate all frauds, it does deter alot of those "swipe it yourself" transaction.

Also, I've noticed in Fla, I am rarely ever asked for my ID...maybe 2/10
In Cali, I've been asked for ID everywhere...9/10 times.

 

[vegetation]

I'm sure the credit companies have already done tons of studies on this issue and came to the conclusion it's not in their best interest to add a pin or passcode system for purchases. Such codes would inhibit purchases with credit cards, as credit card companies like to keep the purchase process as simple as possible, leading to less merchant charges for the credit card company to rake in. Fraud is usually passed on to the merchant bank and ultimately the store itself.

 

[brtspears2]

Originally posted by: PoPPeR
why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

I thought most cards are not valid unless signed. But it seems like everyone asks for ID anyways, except at the Post Office, where if your card isn't signed, they won't take it or accept "ASK FOR ID" on the back of your card as acceptable.

 

[StageLeft]

Originally posted by: Mill

Originally posted by: PoPPeR
why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

I've had 5 people in about 3500 CC transactions even look at the back of the card.

Also, the card is technically invalid without a signature.

Biffbacon I don't know what you did wrong, but you should be protected from theft in normal cases. I don't know why you didn't pursue the matter and refuse to pay the balance.

My sig is almost never checked and I'm almost never asked for ID. As mentioned the CC companies have surely done a cost analysis of this and realize that the small frauds they get are worth it to make the CC easier to use.

 

[Kelemvor]

Originally posted by: PoPPeR
why don't you just write "please ask to see ID" on your CC instead of overhauling the whole system

Technically that's not allowed. Per the CC companies, if the card isn't signed, then it's not a valid card and can't be used. Also it's technically not allowed for a merchant to even ask you for your ID if the card is signed and the signatures match.

However, I think that's a great idea (my wife does it) but many places don't bother to even look at it anyway. And at everyone's favorite place the Post Office, they wouldn't even take the card because it wasn't signed.

There are many ways of making credit card transactions harder to scam but the CC companies don't want to do anything about it.

 

[kranky]

Originally posted by: vegetation
I'm sure the credit companies have already done tons of studies on this issue and came to the conclusion it's not in their best interest to add a pin or passcode system for purchases. Such codes would inhibit purchases with credit cards, as credit card companies like to keep the purchase process as simple as possible, leading to less merchant charges for the credit card company to rake in. Fraud is usually passed on to the merchant bank and ultimately the store itself.

You betcha.

 

[George P Burdell]

The Credit Card Prank

 

[Confused]

Originally posted by: kranky

Originally posted by: vegetation
I'm sure the credit companies have already done tons of studies on this issue and came to the conclusion it's not in their best interest to add a pin or passcode system for purchases. Such codes would inhibit purchases with credit cards, as credit card companies like to keep the purchase process as simple as possible, leading to less merchant charges for the credit card company to rake in. Fraud is usually passed on to the merchant bank and ultimately the store itself.

You betcha.

Are Americans so dumb/lazy that they can't enter a 4 digit number onto a little pad whenever they use the card in a shop?


Actually, stupid question, yeah, i reckon you probably are :roll:


It's a lot less effort for both the shop AND the buyer for you to just enter your PIN, rather than having to sign a slip (hopefully with a pen that works - how many times have you had to get another pen?), then check it.

 

[hop12]

Originally posted by: biffbacon

Originally posted by: BingBongWongFooey

Originally posted by: biffbacon

Originally posted by: BingBongWongFooey

Originally posted by: Sluggo
I have a VISA debit card and it does not require a pin # or code to use it.

Exactly, because it's used as a credit card, generally.

Personally I don't see the problem. Fraud is pretty well protected against by CC companies.

i dont know about all that. i was a victim of fraud about a year ago, and my company didnt help me out at all. i used the card at a local department store (ayres), and someone (anemployee) copied down my card number. later that week, over 1000$ was spent on my card at that store, while my card was with me 200 miles away from the store. no one was ever caught, and i had to pay the balance. therefore, im all for a PIN number to use a credit card. i mean, what can it hurt?

Any decent credit card company -- and in fact I think it may be law -- will only charge you the first $50 if you catch it within some time period that I don't recall. (sorry I've been out of the CC subculture for a while )

(wait, I think it's no charge within some time period, or $50 max after that, or something. whatever. basically it sounds like your CC company either sucked the bag, or you handled it wrong somehow)

im not sure exactly what happened, but it still happens. my friend is in management in another large department store, and they caught one of their employees doing the same thing i described above. she had been doing it for over 2 years. the fbi came in and everything. im not sure who had to pay what for the fraud this employee conducted, but my question is why not just add a PIN? a PIN wont do much for internet fraud, but i think it could almost completely eliminate in person fraud.

I believe the way it works is the CC company will pay you back the money, but then they go after the company to get reimbursed. So technically the retail company is liable, although the CC company will be the one to pay you back. I've actually seen a lot of larger companies check my signature lately. Around holiday time I notice cashiers checking the signatures more at stores like Best Buy because they ARE liable for fraudulent purchases.

I'm all for PIN numbers on CC. The reason CC companies probably don't use PINs is because they don't lose out on fraudulent purchases. The retail stores do.