smile card readers and FP

MPH80

iRadiate wrote: »

I think you make fair points on the whole but I don't understand why anyone would hack an account and set up a direct debit from that account to another account. Surely that's traceable. As soon as its spotted then the person would call their bank and arrange for that money to be transferred back whilst at the same time the other bank would hopefully be investigating the owner of the other account.

If I somehow hacked into your account and set up a direct debit or standing order then I'm simply going to be be caught even if I live in another country or am I being naive. ?

You're assuming they transfer it to *their* account. A typical mechanism is to befriend someone via a dating site (often over the course of months!), tell them that someone in the UK is buying something off them - but will only transfer money to a UK bank account and to please Western Union it to them once it's arrived. The poor, lonely, sap does it and then the bank takes the money back off them. Dead end hit in investigation and 'innocent' person loses out.

The criminals who do this are sophisticated - they know how to send out spam emails, they know how to set up fake websites. Laundering money isn't a problem in the scheme of things.

The card readers are a huge faff. I've never lost money online nor conducting business from my armchair at home. The only time I've lost money is at shell petrol stations !!

You (and I) are lucky then - plenty of people have. Personally - I don't find them a faff at all.

There should be a way to opt out or the system should be much easier to use.

You could go Chip and Signature - no idea how those work with these card readers.

I know my pin number. I enter it all the time at atms and and shops. I've had the same pin number for about 10 years. There is absolutely no way I could have entered it incorrectly 3 times at home.

No ideas how you locked yourself out then!

M.

born2bongo

I moved from Nationwide to smile to escape this b*llox and now it's about to descend on me again. Believe me, I gave it my best effort and got out when I couldn't take the inroads into my free time any more

Does anyone know of an online bank that doesn't inflict this !!!! on you? Preferably one that intends to stay that way

Icesaver

born2bongo wrote: »

I moved from Nationwide to smile to escape this b*llox and now it's about to descend on me again. Believe me, I gave it my best effort and got out when I couldn't take the inroads into my free time any more

Does anyone know of an online bank that doesn't inflict this !!!! on you? Preferably one that intends to stay that way

Lloyds....BUT they are moving over to a system where they phone you and you have to input a code so you'll need your mobile or house phone to hand!!