How can we battle and ultimately end the issue of carding? Why

Swiping a credit card is not generally referred to as "carding". "Carding" is when you get your fucking ID checked for trying to buy things that have an age restriction, like alcohol, cigarettes, or marijuana.

Chip and pin is taking it's sweet precious time because the US is a rather large country and we can't just force the millions of businesses out there to switch over with the flip of a button. Banks have started issuing cards with chip and pin, but not everyone has one. Many people have credit and debit cards that were issued before banks were required to use chip and pin, so until all of those expire, we HAVE to accept magnetic strips universally.

>>56219282
Chip and Pin is being used a lot more around here. Here's your (You).

>>56219383
I meant carding as in fraud. It's a huge problem in the US and I want to know why and how it can be dealt with

chips can be shorted

if all you need is the number, then all you need is a system that can account for the value range. a card with a number on it and a magnet with that same info in a different form is much easier, cheaper, faster, so on.

chip and pin in the blood systrm is also too invasive though their may exist a system which uses the prime fields in a persons body to distinguish the body through precision search techniques like differentiation of said prime noise fields and something like, say, poker chips. or maybe the keys to the kind of car that dinged a vip car and all there is to go on is the specific make of the suspects vehicle.

>>56219282
We're getting there, slowly. In a couple years everyone will have to use it, by law.

>>56219282
chip and pin is fucking retarded
I have to leave the card there for like 10 seconds.
With swiping I can swipe then immediately put it back into my wallet.

>>56219420

Don't use your credit card number on shady sites
Don't download keyloggers
Don't put your credit card into machines that quite obviously have been tampered with

americans can't be trusted to remember a 4 digit number

>chip and pin
>while everywhere else has tap
Why are american the most backwards?

>>56219517
Because retail establishments are mad that they need internet access now to process transactions. Magnetic stripe readers generally could run on phone line dial-up or DSL, and the reason chip readers in the US are generally so slow is because the business tries to cheap out and run all payment transactions through sub-1Mbps data connections.

>>56219491
>>56219517
Americans are retards

No wonder russians keep stealing from them

cash masterrace, keep being salves to your faggot banks you stupid niggers

>>56219585
>paying 2-5% more on every purchase because you're scared of da j00s

>>56219585
Who do you think issues your cash?

lmao /pol/retards these days

>>56219595
Spotted the retard

>get new credit card
>it has one of those "chips" europoors on /g/ keep raving about
>go to mcdonalds
>order two mcdoubles, a mcchicken, 20 chicken nuggest, 2 large fries, and a mcflurry
>attempt to slide the chip
>"you have to insert it in the slot underneath, sir"
>the slot takes 30 seconds to find
>60 more seconds for it to "verify"
>beeps when it's done
>go deaf from beeping
>by the time I get to a table, my food is cold and a random shooter has gunned down everyone in the restaurant
>have to tip the shooter
>he only accepts credit cards
>"you have to insert it in the slot underneath, sir"
>get shot because I can't find the slot in time
>now $130k in debt from hospital bills

how the hell is this better?

S H A R T

>>56219463

I agree. It makes everything slower, even withdrawing money from ATMs.

>>56219761
IN

>>56219463
it takes longer because of the encrypted auth process.
slightly slower, but "safer"

>>56219517

Nobody wants to buy specialized wallets to keep people from being able to scan their credit cards while they're still in their pockets. If you want to stop fraud, RFID and NFC credit cards should simply not exist.

>>56219595

You will always pay the listed price for cash. You will sometimes pay more for using a debit or credit card if the merchant normally makes very small margins on the transactions and can't cover the merchant fees.

>>56219282
>Why the fuck wont Americans adapt chip and pin?
For the same reason why they still use feet and armpits to measure the world.

>amerifats still don't have paypass or paywave

Literally a third world country

>>56219836
isn't chip still vulnerable?

>>56219798
MART

>>56219745
Kek

>>56219839
>I've never heard about cashback

>>56219383
>Many people have credit and debit cards that were issued before banks were required to use chip and pin, so until all of those expire, we HAVE to accept magnetic strips universally.
Unless.... you just issued a new card.

>>56219282
We have adopted smart cards, you dumb fucking European.

>>56219839
>You will always pay the listed price for cash.
Plus tax.

>>56219879
there's probably some sort of vulnerability somewhere, i doubt it's perfect. and it'd most likely require a compromised POS system.
a couple seconds of extra auth time is no big deal if it means sending your card data with AES rather than plaintext.

>>56219282
To be honest as long as bank has the responsibility I don't care. Of course it's inconvenience but in the end if you are getting reimbursed it's bank's problem.

The part that annoys me the most is that banks assume chip and PIN to be infallible and hold you responsible for everything. If this is going to happen in US, I don't want chip and PIN to become more prominent.

>>56219933
Do they? I thought banks would reimburse you with chip and pin

>>56219282
>Why the fuck wont Americans adapt chip and pin?
Many of them think that it's "slow" or more insecure. No fucking idea why

>>56219440
mark of the beast

I really don't give a fuck what kind of tech my bank uses.

I was recently fucked over by someone who was able to spoof my phone number and Chase's system automatically thought it was me. The person transferred ~120k out of my savings.

Chase gave it all back to me, and changed my routing numbers, and that's it. It took an hour on the phone, and everything was back to normal. So long that they keep doing that, I don't give a fuck.

>>56219542
Since when has DSL to be below 1Mbit/s

>>56219383
>autism

>>56219745
I believe all of this

>>56219928

Honestly, it depends upon the state. Oregon has no sales tax, for example. That said, I consider "after tax" to be the listed price. What I mean to say is that you don't pay more for using cash, since you still pay taxes with a credit card.

>>56219977
Wtf that's fucked

$120k??? They let someone transfer that much without even looking into it if it's legit? How did the process getting it all back take? Did they put up a fight? How long did it take?

>>56220044
You are paying 2-5% more on every purchase with cash.

>>56219957
No, they would argue with you for a long time and still may not give you anything. European banks assume chip and PIN is infallible mostly. You can still get your money back under certain circumstances, but it's just that they think chip and PIN is magic.

I trust my money with the bank, and they make even more money lending my money. They should at least take responsibility when they mess up.

>>56220124
My bank hasn't changed anything since the smart cards came in. You're just another Euro faggot pretending to be American.

Why are you people so obsessed with us?

>>56220101
Nope, it was an automated system. If your number matches what they have in records they automatically assume it's you, you only need a year of birth.

They didn't put up a fight at all. Also, however, I'm a Chase Private Client, so I'm going to assume they were much more helpful/believing/quick to act than a regular Chase client.

>>56220135
Dude? Do you even understand what I'm trying to point out?

I've used European and US banks, I'm trying to say that European banks assume chip and PIN is infallible and give you really hard time getting your money back and further pointing out that if the US banks are going to go in that direction I'd rather use magnetic strips than to wait 100 days for the bank to process my request.

I'm neither European nor American though.

>>56220182
So pipe the fuck down and stay out.

>>56220229
I'm still unclear on why you are so mad. I'm not obsessed with US or Europe. But whatever, you don't sound like someone interested in card security anyway.

>>56220102

What country do you live in where this is the case? Because it is not the case in any establishment that I have visited. In fact, I could probably find some receipts where I have bought the same item with my debit card and with cash, and I have paid the exact same amount, to the penny.

>>56219987
Ameritard here

Many stores in my area actually still use dial up to process transactions. You'd think we'd be up to date in this area considering it's a tourist spot, but for most businesses the cost to lay down more wire and pay the thing monthly outweigh the benefit.

Shit, even some businesses charge you extra for using a card. Cash is still king.

>>56220269
He meant in terms of cashback rewards I think.

In which case he's right.

There is literally no reason not to use a credit card for all of your purchases.
>Safer
>Builds credit
>Get airmiles, cashback, whatever rewards

>>56220153
Damn but that's just scary overall...

Although it makes you wonder how much money someone is making doing this. If he does that to 10 people he's a millionaire, wtf

Because we don't need chip and pin, because unlike euroshits, we can dispute fraudulent charges on credit cards.

>>56220101
>implying he has 120k
>implying you can transfer that amount via pressing buttons on a phone
He's fucking lying, bro. You have to fill out forms for any amount over 10k and it would require a wire transfer with a signature.

>>56220353
I don't think you do in some cases

I've transferred over 10k once and I didn't have to fill out any forms.

>>56219282

Question, by chip and pin, you mean when you insert the card in a machine and type your code, instead of sweeping the magnetic bar?

If yes, damn, US is quite behind. In fucking brazil we use it, plus the machines run on wifi / LTE.

>>56219440
You need to lay off the acid pal. You're brain is melted and raw sewerage is spewing out of your mouth

>>56220388

Also it hardly takes as long as people are saying, or US connections are way worse than i though. Around 3 seconds to validate

>>56220419
>US connections are way worse than i though
one cannot imagine the hell that is US chip and pin
it literally is sometimes faster for both parties to count cash than for validation on chip/pin

>>56219836
>slightly slower
That's ten times longer than swiping a card.

>>56220372
From your account to someone else's?

If so then your bank commited fucking fraud. Having worked as a teller and having 2 uncles that are VPs in large state banks, they all require sums larger than 10k be reported when being withdrawn or transferred to another person's account to keep track of money laundering, etc.

>>56220726
what if it's to a family member using the same bank? That might have been why

>>56220561
I'm not the person you are discussing with, but I'm currently in Canada and it's not significantly faster than it is in US. I've tried chip in Europe too and it was pretty much as fast as Canada, but it's been a while so things might've changed.

The most awesome thing is when you use chip/PIN in Canada with a US credit card, it still asks you to sign the receipt. You get weird looks from cashiers.

chip and pin is low garbage

>>56221121
Elaborate

>>56221347
I think he's trying to say that chip and pin does not significantly improve the security and causes inconvenience, therefore low garbage.

I disagree with him, chip and pin is okay. Attitude of banks is not. Watch this video for a bit:
https://www.youtube.com/watch?v=Ks_w352BS-Q

>>56219282
Brick and mortar stores don't matter.
How the fuck does chip & pin help with online transactions?

>>56221582
Chip&pin is not designed against online fraud. It does not change anything online. For online security there are things like mobile confirmation and mail confirmation.

>>56221596
or public key encryption like bitcoin :^)

the notion that transactions are still performed by sending the entire damn "private" number to every merchant you ever interact with is baffling

>>56219282
chip and pin is extremely dangerous because that's all the info you need to drain the whole bank account

Didn't read this thread but American here chip and pun confirmed. I don't think know of it as anymore secure than the magnet strip because iy still works regardless.

>>56219282
Who cares? I get frauded on my cards like twice a year (live in capital of card fraud) and max it takes one week for the bank to refund me everything and get me a new card.

>>56221701
>chip and pin is extremely dangerous because that's all the info you need to drain the whole bank account

What? Ever heard of withdrawl limits?

>>56221719
>(live in capital of card fraud)

Which is? Also why does this shit seem so popular lately, do people even get arrested for it or no? Seems everyone is doing it

>>56221719
i got skimmed recently i guess, live in wa but someone in ohio used my card for like $20 at a gas station lmao

got my money back same day. thanks based NFCU

>>56221701
>chip and pin is extremely dangerous because that's all the info you need to drain the whole bank account

Depends on your bank. You can have either daily or weekly limits, or both and even as far as single transaction upper limits. Also you then have fraud processes to recover money which again depends bank to bank.

>>56221783
fucking niggers man

can someone explain why this shit seems so popular lately? Either I've started noticing it more or EVERYONE seems to be doing this these days

>>56221791
>Also you then have fraud processes to recover money which again depends bank to bank

Every major bank (at least in North America) refunds your money if it gets stolen. Idk how it is in europe or latin america or asia but in NA it without a doubt does

>>56221797
theft is easy

i mean i'd do it if i didn't think i'd get in trouble, why not? seems like a victimless crime nowadays because banks can just make your money reappear.

>>56219282
Online carding happens with EU cards too. Instore is pretty dead anyway. You'll never fix the problem of technologically competent people in low living cost countries where LE doesn't care. (i.e. russia)

>>56219282
Chip and pin is already 3rd world tier. Nowadays you just tap your wallet on the side of the car reader box.

Also america isnt even big, fucking 300 million people is nothing. Europe is a billion people and still we can manage everything better

>>56221759
Glendale, CA. Home of the white collar crime. Capital of health care and bank fraud.

Just search in news and you'll find a couple big cases coming out each year. Even the bank managers are in on it. Everyone's in on it. I have a friend who does it. I see people on streets everyday who I'm sure do it (Neighbor drives a G Wagon but lives in an apartment. How else could he have made the money?)

http://www.dailynews.com/general-news/20160120/2-glendale-men-charged-in-wells-fargo-bank-fraud-scheme

http://www.latimes.com/socal/glendale-news-press/news/tn-gnp-glendale-pair-convicted-of-medicare-fraud-20160226-story.html

http://www.losangelescriminallawyer.pro/glendale-white-collar-crimes.html

>>56221807
>Every major bank (at least in North America) refunds your money if it gets stolen. Idk how it is in europe or latin america or asia but in NA it without a doubt does

I'm sure when Damarkus Washington claims his card was stolen that they just hand back the money no questions asked... or axed as Mr. Washington would say.

>>56221824
>seems like a victimless crime nowadays because banks can just make your money reappear.

How can stealing money be a victimless crime?

>>56221836
White collar crime is at least respectable

Credit card fraud like a little petty nigger is just pathetic

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>>56221797
Niggers don't do fraud. Nearly 90% of it is done by Russian Armenians, whose last names all coincidentally end with a (((yan)))

>>56221829
Yeah I've always wondered how big the balls of the people who do it in store are. Seems like very high risk although for a fair bit more reward

>>56221854
That's the ones who do it big

The small petty ones are niggers and other low-iq, uneducated scum who buy jordans and weed with the money they steal

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>>56221852
because the end result is the person stolen from just gets their money back from their bank anyway

unless of course you're implying that banks can be victims
in which case, lol

>>56221864
They use either
1) hookers
2) people with large debts, "swipe these cards in your name or we kill you"

>>56221874
Well yes the banks can be victims...

I mean I understand if you want to do theft but this weird socialist moral relativism thing is just retarded
>It's not theft to steal from people because umm they have more money!

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>>56219745

>>56221886
banks are so far beyond corrupt i wouldn't even consider saying they're a victim in any way under any circumstance, ever.

it's theft to steal from people even if they have more money but banks aren't people.

i'm not saying i'm gonna steal. i work for my shit and that's that, but i see the reason people do it.

At least you don't pay with USB type A.
>>56219745

>>56221938
>banks are so far beyond corrupt
Please elaborate on this because I constantly hear it but I don't understand what they do so wrong

>it's theft to steal from people even if they have more money but banks aren't people
What difference does that make?

This honestly seems like some backwards moral relativism justification for being a thief. Reminds me of a few a few prison documentaries I've watched where the prisoners are murderers, rapists, armed robbers, etc and they'd say shit like "Well yeah i brutally killed 3 adults who probably had children and will grow up without a father/mother but at least i didn't rape a child like *THOSE* foul animals!". Just seems like a bs justification to make your crime seem not so bad, maybe even seem righteous, as if you're some sort of Robin Hood who steals from the evil rich and gives to the bullied poor

>>56221986
i don't feel like copypasting from google
search "why are banks corrupt" and read the endless topics about it

>>56219282
There have been case studied in america and it turns out that like 80% of the chip and pin users forgot their 4 digit pin after a couple of days.

>>56221992
Well it's mostly due to bailouts, but we as citizens pay for those bailouts in taxes

>>56222012
isn't america great

>>56219282
>Why the fuck wont Americans adapt chip and pin?
because chip and pin has already been exploited, and it's slow as fuck.

>>56222021
Better than anywhere else tho

Greatness is relative and I can't think of a better country in this regard

>>56222038
true
kinda sucks that we're just the nicest polished turd though

>>56222012
If you know you can fuck up and the taxpayers will bail you out, it becomes good business practice to increase risk for more profit.
Since you're competing with other businesses, it becomes mandatory, if you want to stay in business.

>>56219879
yeah
someone at defcon this year exploited they where able to "replay" the transaction at an ATM and get it to just start spitting out money
or something like that, I'm not exactly sure how they did it, but I know for sure they did it.

>>56222046
Yeah true

it's not really capitalism when the government is involved in that way

>>56219282
Chip works some places I go to spend money, doesn't work other places. Also takes more time as the motion isn't as smooth and takes longer to process.

You want chip to be used more? Make a better system. The one in use right now is utter shit and inefficient.

AMERICANS AMIRITE????? XD

>>56222048
there's always some fucking exploit it seems

mfw eurofag
mfw never in my life I swiped my card, I literally never used the magnetic strip or w/e it's called

feels good

>>56219282
I thought we did chip and pin, I put my card in the little chip hole and then put in my pin, what am I missing? Sometimes it makes me pick debit/credit.

>>56219585
this.

Having used both, the swiping was utter shit too.
Very often you had to swipe multiple times.
This happens with chip too, but not as my often in my experience.
And the new system is a lot faster because the machines are a lot faster.

Did americans not use pin code before?

>>56222293
We still don't use PIN codes; the rollout in the US is the worst-of-both-worlds; chip and signature.

Due to quirks in the laws in the US, we are probably never going to move away from signatures for transactions. They meet a legal standard that a PIN does not.

>>56222307
I don't understand this, I use chip/pin all the time here in Idaho. I've never had to sign. I put the little chip in the reader, I put in my code, that's it. What am I missing?

>>56219851
>rebel against the king 300 years ago
>still use his limbs as a unit of measurement

My fucking sides

>>56219585
when you get robbed and lose your cash have fun calling your bank and saying you were stolen from and to reverse the transaction

also good luck building credit..

>>56222375
Credit or debit?

>>56222375
americans have like 10 credit cards do you expect them to remember all their pins??

>>56222429
you use pins on credit cards?

what

>>56222429
You can get debit cards that have a pin, but companies are REALLY reluctant to issue credit cards with a pin. It's all chip and signature.

>>56222198
>literally never used the magnetic strip
Maybe not for credit cards, but i'm sure you've used some sort of magnetic strip for something else.
Maybe bus/metro.

>Americans
Haven't swiped in fucking years, all PayPass now baby

>>56219282
Does magnetic strips not have pins in murica?
What's wrong with swipe + pin?

>>56219282
that;s my bread and butter .. love stealing from fat white housewives

Chip & pin? Im in the UK and 90% of the time now I just do contactless.
How the Americans can cry about how long it takes for chip & pin is a joke, im suprised they have the energy to swipe with their obese arms

>>56222838
Italy here.
Even in the multinational brand market i go to chip+pin takes the time to punch in the numbers + 2 seconds tops.
Contactless have to be manually approved by cashiers that have to login using their card so it's a fuckton slower

>>56223012
Dane here.
The places I go does not need to manually approved. It's just a beep and it's done.

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>working on checkouts about 7 years ago
>something goes wrong with customer card, message comes up requiring swipe and customer signature
>never had to do this, only saw my parents do this a decade ago
>not entirely sure which way to swipe the card
>don't even have a pen
Do US stores really still not have chip & pin as standard?

>>56221091
Average speed in UK is about 1-2 seconds for normal stores for validation, up to maybe 5-6 for shitty independent stores

I'm still unsure if Americans complaining about chip & PIN are serious or just memeing.

>>56220403
never! jk but im serious. didnt you think about these things while reading comics, and watching cartoons, and dealing the boring graphs in the sciences?

>>56222838
>How the Americans can cry about how long it takes for chip & pin is a joke

it's because american retailers ignored the deadline to install chip and pin unless they wanted to take responsibility for fraud so when the date came around fuckall stores had it (around 25%) and of the ones that did had awful network infrastructure akin to dialup and were reporting 30-60+ second waiting times to pay by card

the only dialup machines still in the UK that I've ever seen are the cash withdrawal machines in corner stores and the like, literally every cashier desk has a modern one where the longest bit of the transaction is trying to put the card back into the wallet

We have chip now, but we have some of the oldest credit card infastructure in the world. Upstream banks are now required to process chip. However, a lot of our terminals used magnetic swipes that essentially input the keys as keystrokes to the point of sale software. If your POS version doesn't support chip, then you have to upgrade it, which carries its own risk and cost.

Most big stores have adopted chip now or are switching soon.

Banks think we're too dumb to remember PINs on credit cards so most cards don't have PIN.

>>56219839
Modern RFID chips are pretty low risk. Contactless transactions are usually capped to a low dollar amount unless they're via NFC (which requires phone on and biometrics/PIN) and even the chips and cards typically use a dynamic CVV3 which makes replay attacks non-feasible.

>>56222578
American banks rolled it out early (chase did a big rollout in 2005) but cheaped out and went with chips that had static values (meaning cloning or replaying the chip required getting near it once). Media had a field day about it, American public saw it as insecure, reputation trashed, banks gave up on contactless in the US until Apple Pay came around.

>>56223357
Most big stores do. Some smaller stores haven't. I'd say nowadays it's about 70% chip, 30% swipe.

>>56219491
Wait what NA cards dont have pin code?

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>>56223427
Yep. Everyone screwed the pooch on the switchover.

Stores started buying shit too late, which created a shortage of hardware to process cards. A lot of stores also (incorrectly) assumed that they would just buy a new reader and be done, when in fact their point of sale required an upgrade.
.
Banks were guilty too, they waited too long to try to start switching people to chip cards which created a shortage there. Banks then had to triage who got chip card replacements first based on their risk/spend.

Merchant banks upgraded for chip without doing proper load testing to see how fucking slow it was, and EMV implementations on readers often required the card to remain inserted even after all information from the card was processed and it was just waiting for the network/merchant bank to give final approval.

It's somewhat better now although it's definitely slower than swiping at most places (McDonalds for instance can process a swipe completely within a fraction of a second. I think Target has one of the faster chip implementations I've seen, around four seconds if it's chip & signature).

It'll help prevent card present fraud but I think card not present fraud (pic related, happened to me in 2011, all transactions were keyed in) will get worse as a result.

>>56223455
http://www.theatlantic.com/business/archive/2016/03/us-determined-to-have-the-least-secure-credit-cards-in-the-world/473199/
>The reason banks say they don’t want to issue PINs is that they’re worried it will add too much friction to transactions and make life difficult for their customers. “The credit-card market is pretty brutally competitive, so the first issuer who goes with PINs has to worry about whether the consumers are going to say, ‘Oh, that’s the most inconvenient card in my wallet,’’ says Allen Weinberg, the co-founder of Glenbrook Partners. “There’s this perception that maybe it’s going to be less convenient, even though some merchants would argue that PINs take less time than signatures.”
>[...]
>Prior to this transition the United States had arguably the weakest card system and we’re still going to because we’re going to be using signatures. Most of us use PINs for our debit cards, or to unlock our iPhones. It’s laughable to suggest that American consumers can’t figure out how to use a four-digit PIN.

I want to use Chip & Pin here in NA but 90% of the fucking stores just disable the use for Chip & Pin for whatever reason (assuming broken and won't bother fixing because magnetic strip just works)

Hell I went to a Wawa there was a printed label on the bottom of the terminal that just says "NO CHIP PLEASE SWIPE"

Have Americans finally moved away from using checks or is it still a thing?

>>56219745
Top kek

>>56223582
Still a thing. It's extremely rare to use them at most stores, but there's certain cases where you still need them, including some state governments/payments that are large and the person you're paying doesn't want to lose 3-5%.

Even for rent most corporate owned places have free online payment (or you can use your bank's billpay - for most billers they just remit electronically, for some they'll just cut a check and mail it on your behalf).

>>56219282

>bank sends me chip and pin card
>transactions go from 3 seconds to 30 seconds to read the fucking chip

I wanna go back

>>56223507
A lot of stores bought chip enabled card readers without realizing they had to upgrade the software on the point of sale (cash register) too. If they haven't done the upgrades to accept chip on the POS, then they'll tell you to swipe.

Usually places that sell electronics, home improvement, appliances, etc. have largely upgraded, while smaller mom & pop stores, restaurants, and those with a small value per transaction have often postponed doing so.

>>56223477
>It'll help prevent card present fraud but I think card not present fraud (pic related, happened to me in 2011, all transactions were keyed in) will get worse as a result.

non-card present fraud will go up naturally but it's nowhere near as trivial to skim a chip and pin card as it is to skim the details off of a magnetic strip so over time overall fraud should slow down a bit

these days it's mostly cards being used fraudulently online which requires the card number, expiry date as well as the number off of the back not all of which you can get off of the magnetic strip

>>56219463
Paywave is the superior technology, why aren't you using that?

First they force us to use Chip & PIN
Then they take our guns and freedom.

>>56219383
>In nz/aus we have paywave. Just saiyan..

>>56223646
these days it's mostly cards being used fraudulently online which requires the card number, expiry date as well as the number off of the back not all of which you can get off of the magnetic strip
Well yeah, but they all appear on the surface of the card (one side or the other, amex the CVV2 appears on the front, most others on the back). The credit card number and expiration date are on the swipe. All you need to do is swipe and look at the code which is not hard to remember for a few seconds.

Also my information later got dumped on Pastebin as a teaser - my name (as it appeared on the card), address, card number, expiration date, CVV2.

If you compromise a site, you can store the CVV2 as part of the payment flow.

>>56219420
>I meant carding as in fraud.

I think you mean skimming?

Was a huge problem in Europe becasue of (((((Romanians)))))
That's the real reason why Europe was so fast to adopt Chips.

>>56223758
https://en.wikipedia.org/wiki/Carding_(fraud)
>Carding is a term describing the trafficking of credit card, bank account and other personal information online as well as related fraud services

File: ATM-Skinning.jpg (56KB, 800x600px) Image search: [Google]

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>>56223765
But I think he MEANT copying the magnetic strip and recording the PIN.

Which is called skimming, not the real reason we needs chips.

>>56222001
I'm not an american but I call bullshit on that number.

>>56223823
He probably did mean skimming specifically, although as a blanket term carding would include skimming as an activity.

Chips are precisely meant to deal with the issue of carding as rather than having a static, easily cloned value on the magnetic strip (that you could capture once, make a fake card, and imitate), the chip instead gives a unique response per transaction. It renders skimming non-feasible, since the captured data from the last transaction (even if observed) typically is not enough.

That being said, EMV as an implementation depends on good practices on the side reading the card, and it is possible to make fake transactions that look cryptographically secure to the bank if the EMV implementation uses weak unpredictable numbers on the ATM/register/card reader side.
https://www.cl.cam.ac.uk/~rja14/Papers/unattack.pdf

>>56219745
If the shooter had a chip he would have been 15 min late due to all the transactions himself, having more time to rethink all his actions. At least he would been deaf and shot 86 times for not hearing and subsequently ignoring the police shakedown for walking on a pedestrian crossing whistling provocatively.

>>56222063
Government is an essential part of capitalism, first to companies to grow the government need to protect them from bigger/foreign companies, then to permit them to exponentially grow eliminating all competition and at last, to lend then at ZERO interest when they go bankrupt.
It is a really rigged game my friend.

>>56220259

He's a stupid fat fuck, ignore him.

I lost 2,000 euros because to an erroneous transaction via chip, and the bank straight up told me there is no security flaw.

Suffice to say, I changed bank.

>>56219282
Literally got my new debit card in the mail from my bank this week. They're using new chip technology along with the magnetic strip for backward compatibility.

>bait thread evolves in a mostly civilized discussion
Am i in bizzarro /g/?
That being said i think chip is the safest way, especially if >>56223867 is true about cards that can be easily cloned by just reading the magnetic strip and not having a transaction unique each time you use it.

>>56224047
Here it is.

https://www.chase.com/digital/chip/security

>>56219282
Because Americans have jobs, and a viable economy to support, we can't spend the whole day waiting in line living off the dole like yurop.

>>56219440
You are clearly high on paint fumes right now, senpai

>>56222001
Bullshit the pin is the same one I already use at an ATM

>>56224077
You mean more chinese-made goods to purchase
And if it took longer to buy things this would mean more jobs in stores

>>56223490
uhh how do americans withdraw money from the ATM?

>>56224218
Debit cards have PINs. Credit cards usually don't.

>>56224228
The difference is on the server side: how much it willl allow you to withdraw, how much its balance will be.

The US still uses magnetic straps?
And still they claim to be the spearhead in technology.

>>56219851
Kek

>>56219463
Typical murkan thinking

If i swiped your card i could do whatever i want

Chip and pin, i dont know the pin so its pointless

Get with the times murka

>>56224312
>If i swiped your card i could do whatever i want
Yeah, but banks pay, so there's really not an incentive to give a shit. If you lose your card, you just call and report it lost and they deactivate it. If someone has already charged shit to it, the bank reverses the charges.

>>56224181
>Bullshit the pin is the same one I already use at an ATM

Then you're lucky.

I have to remember 4 different PIN's becasue not all my accounts allow me to change it.

>>56220322
This about cards.
The past
>Cards become popular
>Goy use the da card it's easier
>everyone gets on card which has merchant fees
>later on cash becomes king when the merchants don't want to pay transaction fees anymore

>>56219282
We are
You can't just change over night
atm cards use both chips and strips
In about 6 years all cards will be chip only

>>56224272
Blame the GOP states.

>>56219282
It takes a few seconds longer. The business I work for uses the chips on grocery lanes, but not at convenience store registers because it creates lines and that costs more sales than it's worth.

>>56219987
We throttle our pos terminals to about 100kbps so they don't eat up all of the store bandwidth and piss off customers on our free wifi.

>>56224851
This. I once was in a store that took a MINUTE to process the chip transaction. Shit is ridiculous. I got stuck with a Debit with a chip, but my credit still doesnt, thank god. As far as getting my card stolen, we dont have thugs around here messing with atms easily and if It did get stolen I have 0 fault so I dont have to deal with it.

>>56219542
Why would dialup even matter for this? How much data is transferred during a chip transaction anyway? It couldn't be that much.

Magstripe = Freedom
Chip = Nanny State

I got NFC on my card.
Use it for all under 25€ purchases.

ez

>>56219383

>m-muh businesses
America in a nutshell: corporate interest first!

FYI: other "rather large countries" have done it.

>>56220778
Still no. If that was the case drug dealers woulf never get caught.

>>56219879
Yes, but it's nowhere near the vulnerabilities surrounding mag stripes.

>>56223430
This guy gets it. Chips do fuck-all for security unless your card terminal encrypts communication directly to the bank for an authorization token. If you have direct cardholder data passing through the POS, there's not really much of a point other than the EMV liability shift. Chances are the stores you see with chip terminals that say you still have to swipe the card are awaiting software updates to the POS for that very reason.
There's a lot more involved in supporting chip cards properly than most people think. Both your POS and processing bank must be certified to work with particular models of card terminals, and even then, proper implementation is a whole different thing.

>>56219879
I'm pretty sure criminals exploit the card not present transactions

>>56219383
>America is a large country that can't switch over with the flip of a button.
How is a 9 year period "the flip of a but" likewise how is the 6.5billion people everywhere else not "big"
I mean at least take tap everywhere assholes.
>>56219463
Fuck off, i was just in america amd this is not true. Besides having to actually maintain your strip. You have to fucking show id, sign something and go through like 5 menus on the damn credit card machine, and then they ask your fucking zipcode and bullshit.
Any purchase under $100 i just fucking tap. Takes 2 seconds. Pin takes 10 max.
I don't even care about the security really my complaint is that your system is so god damn slow and tedious.

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>>56219440

File: 1471504764436.gif (2MB, 500x281px) Image search: [Google]

2MB, 500x281px

>>56219745
I really hate when that happens desu

>>56225254
freedom to lose your money. good lord tea party people are retards.

would like to be able to buy things with my phone but my bank doesn't support it.

would like to be able to utilize a card with a chip in it but my bank didn't give me a card with a chip in it.

would like to feel like i live in the current year but key doesn't want that fuck you key bank.

>>56230287
nvm fixed it looks like key bank supports android pay

we current year now

>>56219282

Because North Americans are stupid retards!

>wanting a rfid chip installed in your skin

>>56225215
The problem is latency, and probably also noise to signal ratios making transactions error-prone.

US credit cards use chip and signature, not chip and PIN. Chip and signature is less secure, which is exactly why it is currently used. Visa, one of the major companies that process credit card transactions, pushed chip and signature because they charge more per transaction for it than for chip and PIN, leading to more profits for Visa and the other processing companies.

Follow the money!

>>56232490
>pushed chip and signature because they charge more per transaction for it than for chip and PIN
Interesting. I never thought of it like that.

>>56232676

Most of this article is about debit cards, but there same concepts apply to credit cards too.

http://www.sandiegocan.org/2016/06/21/hidden-costs-of-new-chip-embedded-credit-cards/

applepay. those stores not using it are not worth patronizing and those customers not using it deserve to have their card info stolen.

inb4 i dont have an iphone, get a job and buy one poorfag

>>56233142

I don't have an iPhone.

However, my phone has Google Pay and that works just as well. I have a fingerprint reader to unlock my phone, and that's probably safer than a PIN.

>>56224312
>Chip and pin, i dont know the pin so its pointless
Or I can just go online and order some dragon dildos by using the numbers on the card.
>also if you just require pin on swipe then swipe and pin is just as effective as chip and pin