Visa "clarifies" US EMV launch

Discussion in 'Other Credit Card Programs' started by jbcarioca, Jan 18, 2012.  |  Print Topic

  1. jbcarioca
    Original Member

    jbcarioca Gold Member

    Messages:
    17,507
    Likes Received:
    57,455
    Status Points:
    20,020
    http://www.finextra.com/news/fullstory.aspx?newsitemid=23322

    The clarification was a masterpiece of dissembling because the most common reason consumers what it in the US is to facilitate the use of US card abroad, and absent a PIN the EMV is pointless abroad. For foreigners coming to the US it always seems antiquated to be required to generate paper that then must be signed, when Chip/PIN, full EMV, is so much easier. Of course Visa claims that US EMV can be done with no PIN. If so, why are people still required to sign pieces of paper?:eek::mad:
     
    yaychemistry, rwoman and TAHKUCT like this.
  2. TAHKUCT
    Original Member

    TAHKUCT Gold Member

    Messages:
    2,766
    Likes Received:
    7,236
    Status Points:
    5,070
    "That's because, in the US, we can rely on online processing where transactions are transmitted in real-time to the issuer for approval. With that in place, there's no need for the offline authentication that was the genesis of chip-and-PIN"

    Never new that was the reason for an EMV system. So, I guess, US is indeed ahead of times with card processing :D
     
    yaychemistry, jbcarioca and rwoman like this.
  3. jbcarioca
    Original Member

    jbcarioca Gold Member

    Messages:
    17,507
    Likes Received:
    57,455
    Status Points:
    20,020
    Actually the Visa statement is not true. The genesis of EMV (which does include both Chip and PIN) was large fraud in some countries, a number of which wer already on line. The PIN was separated from the CHIP and online transactions are authenticated through independent PIN databases, usually online themselves. US fraud rates have not been high enough to justify the cost. being online in no way reduces the risk of fraudulent presentation, but does speed it up. the PIN does reduce that risk. Why Visa would make such a position is unclear, but it appeared as a blog post, so I suspect the blogger did not know how it works.

    Of course, maybe I do not know, myself.
     
    yaychemistry and TAHKUCT like this.
  4. TAHKUCT
    Original Member

    TAHKUCT Gold Member

    Messages:
    2,766
    Likes Received:
    7,236
    Status Points:
    5,070
    I am for sure do not know this. Howeve, I do know, that not having an EMV card does impede my ability to make purchases in Europe.
     
    yaychemistry, jbcarioca and LETTERBOY like this.
  5. HaveMilesWillTravel
    Original Member

    HaveMilesWillTravel Gold Member

    Messages:
    12,504
    Likes Received:
    20,199
    Status Points:
    16,520
    I have the Chase BA chip+signature VISA, but don't really see the benefit of it. The only times I had problems in Europe with my regular non-chipped cards was when I was trying to buy something from a machine (parking, subway tickets). That won't work any better with the chip-and-signature card. The main reason I got it was... because it was free.
     
    yaychemistry, jbcarioca and LETTERBOY like this.
  6. FlyingBear
    Original Member

    FlyingBear Silver Member

    Messages:
    919
    Likes Received:
    1,018
    Status Points:
    845
    In my last trip to Russia, i noticed that more places moved to PIN transactions, making it quite a pain. Have not had that issue in most of other places in Europe.
     
    TAHKUCT, jbcarioca and LETTERBOY like this.
  7. HaveMilesWillTravel
    Original Member

    HaveMilesWillTravel Gold Member

    Messages:
    12,504
    Likes Received:
    20,199
    Status Points:
    16,520
    Did they offer signature as an alternative, or did you end up paying with cash? The latter has been my workaround so far at vending machines since the amount is usually pretty small, but I'd definitely like to be able to use my credit card wherever the VISA/MC/Amex logo is shown.
     
    TAHKUCT, jbcarioca and LETTERBOY like this.
  8. LETTERBOY
    Original Member

    LETTERBOY Gold Member

    Messages:
    1,650
    Likes Received:
    2,522
    Status Points:
    1,425
    When I've been in London (haven't been anywhere else in Europe yet), I've never had a problem with having my regular mag-stripe cards accepted, and even then I had plenty of cash just in case. Of course, I've never been more than a couple of hours outside the city. I've only used an automated machine once, to buy a train ticket at Waterloo railway station, and that machine took my regular mag-stripe debit card with no problem.
     
    jbcarioca likes this.
  9. TAHKUCT
    Original Member

    TAHKUCT Gold Member

    Messages:
    2,766
    Likes Received:
    7,236
    Status Points:
    5,070
    Same here. Never had a problem in London except when needed to pick up my train tickets at a machine. Even then, I was able to go to a live person and completed a signature transaction.
    However on a recent trip to Amsterdam, signature only cards were declined fir use at most of the places, even to buy train tickets or at a grocery store. :( had to withdraw cash :(
     
    LETTERBOY and jbcarioca like this.
  10. PanAm
    Original Member

    PanAm Silver Member

    Messages:
    342
    Likes Received:
    465
    Status Points:
    545
    I've had trouble with mag stripe even at manned checkout situations and cashiers in Europe - more so recently it seems. On the FT thread regarding chip and PIN, it's been stated that chip and signature is more common in parts of Asia/South Pacific but I've no personal experience with that. I was glad to see the chipped BA card but wish I could assign a PIN
     
    LETTERBOY, jbcarioca and TAHKUCT like this.
  11. jbcarioca
    Original Member

    jbcarioca Gold Member

    Messages:
    17,507
    Likes Received:
    57,455
    Status Points:
    20,020
    Indeed, and without a pin, you will continue to have problems.
     
    LETTERBOY likes this.
  12. jbcarioca
    Original Member

    jbcarioca Gold Member

    Messages:
    17,507
    Likes Received:
    57,455
    Status Points:
    20,020
    Russia is one of the very, very few countries other than the US that have not totally adopted EMV for domestic transactions. Most large Russian issuers (Sberbank, Russian Standard, etc) will issue international full EMV cards for their travelling customers. Many Russian tourist-oriented locations, including hotels, major tourist restaurants like, say, Puskins, have full EMV at POS because their acquiring banks offer them to reduce tourist fraud risk. Signature only, however, is very rarely an issue in Russia. (I consult to one of the Russian issuers)
     
    LETTERBOY and tondoleo like this.
  13. jbcarioca
    Original Member

    jbcarioca Gold Member

    Messages:
    17,507
    Likes Received:
    57,455
    Status Points:
    20,020
    The UK is almost never a problem for anybody with a US-issued card, nor is France or Germany, for the most part. Almost all attended locations anywhere in Europe will proces a pure signature card. Unattended locations otehr than ATM's usually will not work with signature-only cards. ATMs everywhere almost always will if you have the normal pin.

    As with almost all generalizations YMMV, but I would not worry in the slightest about the British Isles, Paris, or any other large city in Europe at manned locations.
     
    LETTERBOY, tondoleo and TAHKUCT like this.
  14. TAHKUCT
    Original Member

    TAHKUCT Gold Member

    Messages:
    2,766
    Likes Received:
    7,236
    Status Points:
    5,070
    Unfortuantely none of the credit cards that I have offer and EMV. :(
     
    tondoleo and jbcarioca like this.
  15. LETTERBOY
    Original Member

    LETTERBOY Gold Member

    Messages:
    1,650
    Likes Received:
    2,522
    Status Points:
    1,425
    I should add that even though I've never had any problems, it would be nice to have an EMV card to ensure that I won't have any in the future.
     
    jbcarioca and TAHKUCT like this.
  16. tondoleo
    Original Member

    tondoleo Gold Member

    Messages:
    16,063
    Likes Received:
    100,905
    Status Points:
    20,020
    I sent Chase a secure SM and they are reportedly sending me EMV cards for the BA Visa.
     
    jbcarioca likes this.
  17. jbcarioca
    Original Member

    jbcarioca Gold Member

    Messages:
    17,507
    Likes Received:
    57,455
    Status Points:
    20,020
    That is good news. I wonder how soon they'll do that for Sapphire?
     
    LETTERBOY likes this.
  18. HaveMilesWillTravel
    Original Member

    HaveMilesWillTravel Gold Member

    Messages:
    12,504
    Likes Received:
    20,199
    Status Points:
    16,520
    I've had mine for a month or so.

    But... but.. but... it's going to completely ruin the look of that card!? Isn't that why everyone's so obsessed with that card? :D
     
    LETTERBOY, jbcarioca and tondoleo like this.
  19. jbcarioca
    Original Member

    jbcarioca Gold Member

    Messages:
    17,507
    Likes Received:
    57,455
    Status Points:
    20,020
    Actually not IMO. There are several varieties of unembossed cards on the market, mostly debit cards, and the chip fits right in. Sorry for answering seriously.:oops:
     
    yaychemistry and LETTERBOY like this.
  20. LETTERBOY
    Original Member

    LETTERBOY Gold Member

    Messages:
    1,650
    Likes Received:
    2,522
    Status Points:
    1,425
    If you look at the BA Visa on Chase's website, they're advertising that the EMV chip is now standard on new cards. :)
     
    tondoleo likes this.
  21. HaveMilesWillTravel
    Original Member

    HaveMilesWillTravel Gold Member

    Messages:
    12,504
    Likes Received:
    20,199
    Status Points:
    16,520
    Is that because they figure most people interested in the Chase BA card would also be BA customers flying regularly to the UK (or elsewhere BA flies)?
     
    LETTERBOY and TAHKUCT like this.
  22. HaveMilesWillTravel
    Original Member

    HaveMilesWillTravel Gold Member

    Messages:
    12,504
    Likes Received:
    20,199
    Status Points:
    16,520
    How do they do that? They need to presumably expose the contacts in a predefined spot and can't paint them over to match the motive of the card.
     
  23. TAHKUCT
    Original Member

    TAHKUCT Gold Member

    Messages:
    2,766
    Likes Received:
    7,236
    Status Points:
    5,070
    maybe ;)
     
    LETTERBOY likes this.
  24. TAHKUCT
    Original Member

    TAHKUCT Gold Member

    Messages:
    2,766
    Likes Received:
    7,236
    Status Points:
    5,070
    Did anybody ever tried to request an EMV card for Continental PP or Sapphire card?
     
  25. TAHKUCT
    Original Member

    TAHKUCT Gold Member

    Messages:
    2,766
    Likes Received:
    7,236
    Status Points:
    5,070
    Ok. Just got a reply regarding EMV chip on my PP card:

    Dear Tahkuct,

    Thank you for taking the time to inquire about the chip
    and pin card.

    I would like to inform you that a Chip and PIN program has
    been implemented in the United Kingdom and Europe to help
    reduce fraudulent transactions. This simple new system is
    part of a global initiative to cut fraud. As of February
    14, 2006, the local customer must use their PIN (a 4-digit
    number selected by the local customer).

    I request you to either visit this website,
    www.selectchipcard.com or call 877-626-5995 in order to
    apply for our new Chip and Pin enabled credit cards.

    If you have any further questions, please reply using the
    Secure Message Center.

    Thank you,

    E-mail Customer Service Advisor


     

Share This Page