Comments on: Chip-and-PIN credit cards finally land on American shores http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/ Living the first class life -- at coach prices Fri, 10 Feb 2012 09:21:15 +0000 hourly 1 By: Thomas http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-66514 Thomas Fri, 08 Apr 2011 15:37:16 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-66514 Mark you are completely ignorant. The story here is not about RFID based credit debit cards. Everyone agrees RFID cards are a bigger security threat. However what is asinine is the us banks paying millions (probably billions) out in reimbursements for fraudulent charges. The pay it out twice, once to the criminal and once to the innocent cardholder. Somehow while still paying themselves huge bonuses. A card with a chip (NOT RFID again Markie) requires the buyer to also insert a pin code at the point of purchase. This reduces fraud not increases it. It's a lot like using debit card at a supermarket where you have to put in a pin. Only the chip is harder to counterfeit than a magnetic stripe. Not impossible but harder. This is not American exceptionalism you are demonstrating Mark, but rather stupidity and ignorance. Mark you are completely ignorant. The story here is not about RFID based credit debit cards. Everyone agrees RFID cards are a bigger security threat. However what is asinine is the us banks paying millions (probably billions) out in reimbursements for fraudulent charges. The pay it out twice, once to the criminal and once to the innocent cardholder. Somehow while still paying themselves huge bonuses. A card with a chip (NOT RFID again Markie) requires the buyer to also insert a pin code at the point of purchase. This reduces fraud not increases it. It’s a lot like using debit card at a supermarket where you have to put in a pin. Only the chip is harder to counterfeit than a magnetic stripe. Not impossible but harder.

This is not American exceptionalism you are demonstrating Mark, but rather stupidity and ignorance.

]]> By: Mark http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-62083 Mark Fri, 31 Dec 2010 07:18:12 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-62083 > Amazing to sit and watch as America catches up with the > rest of the world! (Just some gentle ribbing here!) ;.) Yes, such a joy to hear the cattle from other countries happy we are now being tracked like they are. Oh, joy. RFID chips in cards DO NOT benefit card holders, only marketers. Wake up. > Amazing to sit and watch as America catches up with the
> rest of the world! (Just some gentle ribbing here!) ;.)

Yes, such a joy to hear the cattle from other countries happy we are now being tracked like they are. Oh, joy.

RFID chips in cards DO NOT benefit card holders, only marketers. Wake up.

]]> By: Child Behavior Problems http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-46293 Child Behavior Problems Wed, 03 Nov 2010 18:15:14 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-46293 I think this technology is good. What if your child steals your credit card and goes on a shopping spree at the mall? Now they need to know your pin number as well. I think this technology is good. What if your child steals your credit card and goes on a shopping spree at the mall? Now they need to know your pin number as well.

]]> By: Vinny http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-44925 Vinny Thu, 21 Oct 2010 23:04:03 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-44925 Just one more thing about chip&pin tech. It comes from EMVco which is a company started by Europay, MasterCard and Visa, so it's actually american (supposedly at least [MC and Visa have their separate european branches]). It is curious that american tech is not used in the US. Another thing about the laughable hack attempt shown in the link. It just showed that the terminal can be hacked, but it has nothing to do with chip/pin this could easily be done with any terminal, but that's not the point. The point is, that the chip has something called cryptogram which has to be validated online for the transaction to go through, this cryptogram is sent with authorization request along with PIN number to the Issuing bank for validation. That said, the terminal would still have to send the info to the issuing bank and the chip actually verifies banks response itself. So the response has to reach the card as well. Not such an easy task. This kind of fraud is called man-in-the-middle fraud, where you need to place some kind of external device to interpret the signals between the card and the terminal and it is the only vulnerability discovered in chip cards to date. There is an article about that somewhere on the web called 'chip and pin is broken'. Nevertheless as far as chip cards and their cryptograms go, there is no way to counterfeit such a card while you can copy the magnetic stripe on every piece of magnetic tape you can lay your hands on, and that's right, you can used your old music tapes. Just copy it, wrap around a piece of plastic, order a terminal from some acquirer and there you go! Voila, you can get yourself rich (ok actually caught and thrown to jail as that would be retarded but you get the idea). All in all Chip/pin is the best thing there is at this time, and you (as US citizens) have to be aware, that all the forgers and otherwise related to card processing crimes will go to the US seeking easy prey. Just one more thing about chip&pin tech. It comes from EMVco which is a company started by Europay, MasterCard and Visa, so it’s actually american (supposedly at least [MC and Visa have their separate european branches]). It is curious that american tech is not used in the US. Another thing about the laughable hack attempt shown in the link. It just showed that the terminal can be hacked, but it has nothing to do with chip/pin this could easily be done with any terminal, but that’s not the point. The point is, that the chip has something called cryptogram which has to be validated online for the transaction to go through, this cryptogram is sent with authorization request along with PIN number to the Issuing bank for validation. That said, the terminal would still have to send the info to the issuing bank and the chip actually verifies banks response itself. So the response has to reach the card as well. Not such an easy task. This kind of fraud is called man-in-the-middle fraud, where you need to place some kind of external device to interpret the signals between the card and the terminal and it is the only vulnerability discovered in chip cards to date. There is an article about that somewhere on the web called ‘chip and pin is broken’. Nevertheless as far as chip cards and their cryptograms go, there is no way to counterfeit such a card while you can copy the magnetic stripe on every piece of magnetic tape you can lay your hands on, and that’s right, you can used your old music tapes. Just copy it, wrap around a piece of plastic, order a terminal from some acquirer and there you go! Voila, you can get yourself rich (ok actually caught and thrown to jail as that would be retarded but you get the idea).

All in all Chip/pin is the best thing there is at this time, and you (as US citizens) have to be aware, that all the forgers and otherwise related to card processing crimes will go to the US seeking easy prey.

]]> By: ParisnParis http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-40887 ParisnParis Fri, 17 Sep 2010 01:27:59 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-40887 Peter: Chip and PIN cards are not yet accepted in the US. You will need to use Magstripe if your cards currently has one. If not, you can use cash. David M: UNFCU is the first US Based financial institution that will offer EMV *Chip and PIN* cards. CarterJ: Just the fact that UNFCU even as a small institution is able to pull this off means that other institutions will also follow. Additionally big merchants are preparing for this *Walmart*..there are a few more which cannot be named at this time Peter: Chip and PIN cards are not yet accepted in the US. You will need to use Magstripe if your cards currently has one. If not, you can use cash.

David M: UNFCU is the first US Based financial institution that will offer EMV *Chip and PIN* cards.

CarterJ: Just the fact that UNFCU even as a small institution is able to pull this off means that other institutions will also follow. Additionally big merchants are preparing for this *Walmart*..there are a few more which cannot be named at this time

]]> By: Peter http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-40471 Peter Thu, 09 Sep 2010 20:46:50 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-40471 how chip and pin can ruin your vacation? I came just yesterday Sept 8th 2010 to PHL airport, I went to rent a car, and AVIS, BUDGET, HERTZ they don't know what to do with chip and pin card. It gives u a lot of embarrassment when there are 3 your cards declined and the clerk tells u "NEXT please" Now I am staying in a hotel Allentown, PA without possibility to rent a car, does anyone know who from the rental companies is accepting chip&pin credit cards? Please email me: peter.placek@gmail.com how chip and pin can ruin your vacation?

I came just yesterday Sept 8th 2010 to PHL airport, I went to rent a car, and AVIS, BUDGET, HERTZ they don’t know what to do with chip and pin card.

It gives u a lot of embarrassment when there are 3 your cards declined and the clerk tells u “NEXT please”

Now I am staying in a hotel Allentown, PA without possibility to rent a car, does anyone know who from the rental companies is accepting chip&pin credit cards?

Please email me: peter.placek@gmail.com

]]> By: Mark Ashley http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-39943 Mark Ashley Thu, 02 Sep 2010 11:28:33 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-39943 Contactless -- where an RFID chip in the card is waved near the payment terminal, but no PIN is entered or signature required -- has been available in the USA for some time. It's just not very widely used. Contactless — where an RFID chip in the card is waved near the payment terminal, but no PIN is entered or signature required — has been available in the USA for some time. It’s just not very widely used.

]]> By: Chip and Pin http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-39936 Chip and Pin Thu, 02 Sep 2010 09:17:40 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-39936 Its interesting that the US is only just adopting the technology, it has been around for sometime here in the UK. It has worked to reduce fraud but certainly hasn't eliminated it as it was once thought it would. This may be because of the interntional nature of credit cards, machines still have to be able to accept non chip and pin cards from other countries. The new thing here is contactless, a card that doesn't require a pin number for transactions under £10. Its interesting that the US is only just adopting the technology, it has been around for sometime here in the UK. It has worked to reduce fraud but certainly hasn’t eliminated it as it was once thought it would. This may be because of the interntional nature of credit cards, machines still have to be able to accept non chip and pin cards from other countries. The new thing here is contactless, a card that doesn’t require a pin number for transactions under £10.

]]> By: Upgrades and Downgrades: credit cards, TSA, unaccompanied minors redux, and more | Upgrade: Travel Better http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-38080 Upgrades and Downgrades: credit cards, TSA, unaccompanied minors redux, and more | Upgrade: Travel Better Tue, 20 Jul 2010 01:53:38 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-38080 [...] Odds of chip-and-PIN in the US A month ago, I blogged about the United Nations Federal Credit Union bringing chip-and-PIN credit cards to its American customers. That isn’t a huge customer base to be pushing a new technology. But what if a bigger player [...] [...] Odds of chip-and-PIN in the US A month ago, I blogged about the United Nations Federal Credit Union bringing chip-and-PIN credit cards to its American customers. That isn’t a huge customer base to be pushing a new technology. But what if a bigger player [...]

]]> By: carterj http://www.upgradetravelbetter.com/2010/06/15/chip-and-pin-credit-cards-finally-land-on-american-shores/#comment-37561 carterj Wed, 30 Jun 2010 17:16:52 +0000 http://www.upgradetravelbetter.com/?p=5351#comment-37561 RFID technology is used much more in the US than people realize. Many credit cards even debit cards now have RFID and most people don't even realize it. I found some inexpensive RFID card blocking sleeves for my cards and passports on a site called theftdefender. RFID technology is used much more in the US than people realize. Many credit cards even debit cards now have RFID and most people don’t even realize it. I found some inexpensive RFID card blocking sleeves for my cards and passports on a site called theftdefender.

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