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Contactless Credit Card from Cap One
Comments
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Bare in mind, the readers can't take the details off newly issued cards as they are encrypted in a different way and even details like the card holder name are not on the contactless part anymore.0
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reclusive46 wrote: »Bare in mind, the readers can't take the details off newly issued cards as they are encrypted in a different way and even details like the card holder name are not on the contactless part anymore.
Rubbish. There was a real world experiment just the other day where a researcher got not only the card number, but the expiry and the name off a contactless card using a mobile phone.
Good luck proving any 'fraud' wasnt you and that you arnt liable for the charges incurred.Debt Free! Long road, but we did it
Meet my best friend : YNAB (you need a budget)
My other best friend is a filofax.
Do or do not, there is no try....Yoda.
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Rubbish. There was a real world experiment just the other day where a researcher got not only the card number, but the expiry and the name off a contactless card using a mobile phone.
Good luck proving any 'fraud' wasnt you and that you arnt liable for the charges incurred.
You don't have to prove anything. They have to have evidence that you did anything.
The test obviously wasn't on newly issued cards. The newer version of EMV contactless for Visa, MasterCard and Amex don't transmit the name at all in transmission. I know this to be a fact from personal experience as in the US, the name of the cardholder is normally printed on the receipt but on my newly issued card it just shows a generic 'Valued Cardmember' on name field on contactless transactions.0 -
reclusive46 wrote: »You don't have to prove anything. They have to have evidence that you did anything.
The test obviously wasn't on newly issued cards. The newer version of EMV contactless for Visa, MasterCard and Amex don't transmit the name at all in transmission. I know this to be a fact from personal experience as in the US, the name of the cardholder is normally printed on the receipt but on my newly issued card it just shows a generic 'Valued Cardmember' on name field on contactless transactions.
You do know that the PDQ has settings dont you? You can make it show anything you want, card number or not, name or not. It doesnt mean that the name isnt in the chip on the card.
As for fraud, you have to show that you didnt do it. The balance of probability on these cards will be that you did. Have fun proving otherwise.Debt Free! Long road, but we did it
Meet my best friend : YNAB (you need a budget)
My other best friend is a filofax.
Do or do not, there is no try....Yoda.
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Kohlerwhite wrote: »wait for sometime as it may take a while for getting activated no need to worry for this situation
An absolutely stunning and insightful post. Just like your other two.
Spam (build up post) reported0 -
I have to admit I don't know a lot about contactless technology but some what I have read has really put me off.
At least you admit you don't know much about the technology. Lots of other people don't understand it either, but still write as if they do - this includes some people on this thread, and journalists too.
Bear in mind that:- To pay using contactless, you have to hold your card within just a few centimetres of the reader - you couldn't possibly accidentally pay for someone else's purchase
- Pickpockets are a greater problem than contactless card fraud. Logically, if you accept the risk of carrying cash outdoors, then you should also accept the (much lower) risk of contactless fraud.
- In the (unlikely) event that you do suffer fraud on your account, it is the bank's responsibility to prove that you did make the transaction, and not the other way around. Arguably, this makes it better for the customer than Chip & PIN, as the bank can't use the use of a PIN for a transaction as 'proof' that it was carried out by you.
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You do know that the PDQ has settings dont you? You can make it show anything you want, card number or not, name or not. It doesnt mean that the name isnt in the chip on the card.
As for fraud, you have to show that you didnt do it. The balance of probability on these cards will be that you did. Have fun proving otherwise.
That may well be true but if you swipe the card, it still says the name.
Also you only need to look at the recent contactless merchant processing guide that shows that Amex cards will transmit a generic name, rather than the customers name. The same for MC and Visa also applies from the newest version of EMV.0 -
Well I didn't expect my little thread to start such heated debate but it's really interesting to read, even when I don't know a great deal about it.
I think for the time being at least I will avoid using it in a contactless outlet and use cash or alternative card, at least until I understand a bit more about it. I am not averse to most new technologies but I can't see whats wrong with chip & pin instead of contactless. It would seem to be a safer option, even if that's only in my head............
Love the debate though, really interesting reading.0 -
- Pickpockets are a greater problem than contactless card fraud. Logically, if you accept the risk of carrying cash outdoors, then you should also accept the (much lower) risk of contactless fraud.
This isn't logical at all. It makes no sense to say that you should accept one risk just because it is smaller than another risk.
If you want to use the convenience of cash, then you accept the risks. If you *want* to use the convenience of contactless, then you would accept the risks, but (as i've already mentioned a few posts back) if you don't want to use contactless you are better off not having the feature on your card, ie you don't take the risk. This is a basic security principle that applies in all areas, not just on debit/credit cards.
Lets make an analogy (not a perfect one, but it illustrates the point). If you are running a web server you accept that there are some risks of exploits so you take necessary precautions. If you are running an SFTP server the risk of exploits *might* be smaller than running a web server, but it wouldn't make any sense to install SFTP server software on the same machine as well if you are not intending to use it. This would merely increase the risks that you are exposed to, without bringing you any benefit.0 -
I have one contactless card of the several in my wallet, this card being one that I rarely use. When paying my wallet is often close to the terminal as I get out the card I wish to use and has never been debited so IMO the risk is, as usual, being over hyped in the media. I wish Cap1 would hurry up and make my preferred card contactless
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