Magnetic strip being removed from cards

[Deleted User]

Neil49 said:

Deleted_User said:

Sure the mag stripe is disabled on my Starling card, you have to go in the app to turn it on when required. Not sure about dinosaur banks. 

Same applies with Monzo. I had to activate the strip in the USA on occasions but never anywhere else. 

They still use swipe and sign and just swipe in the US - never had to deactivate / activate my card, it just worked.

adamp87

What is the reason why America is so behind with chip & pin and such? Apple Pay and similar methods aren’t widespread either.

[Deleted User]

adamp87 said:

What is the reason why America is so behind with chip & pin and such? Apple Pay and similar methods aren’t widespread either.

Same as the Japanese (and NHS!) and fax machines, they are adopting them particularly among the youth, but there is a huge generation of boomers who won't change and control everything (money, power etc) so nothing gets done. That said, it's increasingly POS terminals with chip and pin now vs signing slips

wmb194

Deleted_User said:

adamp87 said:

What is the reason why America is so behind with chip & pin and such? Apple Pay and similar methods aren’t widespread either.

Same as the Japanese (and NHS!) and fax machines, they are adopting them particularly among the youth, but there is a huge generation of boomers who won't change and control everything (money, power etc) so nothing gets done. That said, it's increasingly POS terminals with chip and pin now vs signing slips

Never miss an opportunity to blame Boomers, right?; A quick Google throws up a number of articles. Seems they didn't think they needed it initially as they had low rates of fraud and good, real-time authentication of transactions. When they did decide, partly because fraud began to rise and Americans were complaining about difficulties in using their cards abroad, there were issues with navigating its fractured banking system and who was going to pay for it all.

https://www.businessinsider.com/why-it-took-the-us-so-long-to-adopt-emv-2015-9?r=US&IR=T

https://www.theguardian.com/commentisfree/2014/jan/27/target-credit-card-breach-chip-pin-technology-europe

EssexExile

wmb194 said:

Deleted_User said:

adamp87 said:

What is the reason why America is so behind with chip & pin and such? Apple Pay and similar methods aren’t widespread either.

Same as the Japanese (and NHS!) and fax machines, they are adopting them particularly among the youth, but there is a huge generation of boomers who won't change and control everything (money, power etc) so nothing gets done. That said, it's increasingly POS terminals with chip and pin now vs signing slips

Never miss an opportunity to blame Boomers, right?; A quick Google throws up a number of articles. Seems they didn't think they needed it initially as they had low rates of fraud and good, real-time authentication of transactions. When they did decide, partly because fraud began to rise and Americans were complaining about difficulties in using their cards abroad, there were issues with navigating its fractured banking system and who was going to pay for it all.

https://www.businessinsider.com/why-it-took-the-us-so-long-to-adopt-emv-2015-9?r=US&IR=T

https://www.theguardian.com/commentisfree/2014/jan/27/target-credit-card-breach-chip-pin-technology-europe

Last time I went to the States I was wondering why they hadn't taken up chip and pin and why they were so careless about card security, I thought it must be because they don't have much card fraud. So I looked it up, the USA was second worst behind Mexico!

daveyjp

I used contactless in Italy and more than one shop owner looked at me as though I was performing some sort of witchcraft!

jimjames

adamp87 said:

What is the reason why America is so behind with chip & pin and such? Apple Pay and similar methods aren’t widespread either.

Last time I visited America (Texas) in 2020 I was surprised how many more places were contactless. They seemed more expecting Apple Pay than cards but it still worked. I guess it might also depend on which states you visit as that could be a bigger factor.

[Deleted User]

wmb194 said:

Deleted_User said:

adamp87 said:

What is the reason why America is so behind with chip & pin and such? Apple Pay and similar methods aren’t widespread either.

Same as the Japanese (and NHS!) and fax machines, they are adopting them particularly among the youth, but there is a huge generation of boomers who won't change and control everything (money, power etc) so nothing gets done. That said, it's increasingly POS terminals with chip and pin now vs signing slips

Never miss an opportunity to blame Boomers, right?; A quick Google throws up a number of articles. Seems they didn't think they needed it initially as they had low rates of fraud and good, real-time authentication of transactions. When they did decide, partly because fraud began to rise and Americans were complaining about difficulties in using their cards abroad, there were issues with navigating its fractured banking system and who was going to pay for it all.

https://www.businessinsider.com/why-it-took-the-us-so-long-to-adopt-emv-2015-9?r=US&IR=T

https://www.theguardian.com/commentisfree/2014/jan/27/target-credit-card-breach-chip-pin-technology-europe

The US Boomer age group is second only to Millennials in terms of population size (around 33% of the population) yet control around 52.7% of all the wealth (down from a peak of 55.8% in 2016). The US political system is famous for having older members dominating, not least because they have all the wealth to pay for runs for office - you have to go back to George H W Bush to see the last president not a boomer and he and the previous ones were all part of the Greatest Generation. Like it or not, boomers still control and exert enormous influence over the world and a bunch of them not wanting to go to chip and pin as they like signatures and being unwilling to pay for tech they won't necessarily see the use of stops the roll out

wmb194

Deleted_User said:

wmb194 said:

Deleted_User said:

adamp87 said:

What is the reason why America is so behind with chip & pin and such? Apple Pay and similar methods aren’t widespread either.

Same as the Japanese (and NHS!) and fax machines, they are adopting them particularly among the youth, but there is a huge generation of boomers who won't change and control everything (money, power etc) so nothing gets done. That said, it's increasingly POS terminals with chip and pin now vs signing slips

Never miss an opportunity to blame Boomers, right?; A quick Google throws up a number of articles. Seems they didn't think they needed it initially as they had low rates of fraud and good, real-time authentication of transactions. When they did decide, partly because fraud began to rise and Americans were complaining about difficulties in using their cards abroad, there were issues with navigating its fractured banking system and who was going to pay for it all.

https://www.businessinsider.com/why-it-took-the-us-so-long-to-adopt-emv-2015-9?r=US&IR=T

https://www.theguardian.com/commentisfree/2014/jan/27/target-credit-card-breach-chip-pin-technology-europe

The US Boomer age group is second only to Millennials in terms of population size (around 33% of the population) yet control around 52.7% of all the wealth (down from a peak of 55.8% in 2016). The US political system is famous for having older members dominating, not least because they have all the wealth to pay for runs for office - you have to go back to George H W Bush to see the last president not a boomer and he and the previous ones were all part of the Greatest Generation. Like it or not, boomers still control and exert enormous influence over the world and a bunch of them not wanting to go to chip and pin as they like signatures and being unwilling to pay for tech they won't necessarily see the use of stops the roll out

You're making a lot of assumptions and displaying a great deal of prejudice. Did you read the articles? One quoted a cost of >$8bn to make the changes combined with a massive amount of complexity. The way these things usually work is that the business case is made when annual fraud costs reach a certain level and it the case is made to do it. 

KxMx

When Dad visited from USA in 2019, I got used to telling places "It's a USA card, you need to swipe and he needs to sign".

He told me then chip & pin was on the increase there but not yet very common.