The New EMV Chip Credit Cards

[martybee]

Received my new Chip card today and have activated it.
Expiration date the same as the old card. I am at a total lose and quite frustrated with the new card! Can anyone tell me the purpose for this EMV chip imbedded card. My son tells me it is a start on a new system for card security and that they will probably be issuing newer cards again and again!
Makes no sense to this old fart of 84 years!

mb

 

[Chuck24]

Much harder to hack than the magnetic strips. New code is generated with each transaction

 

[GaryS]

The key, or one of them, is to put it in the slot and leave it there until the transaction is approved.

The cards still have magnetic strips on them for use in stores that haven't got the new machines yet. Or stores that have them, but in they aren't activated yet.

Other than where you stick the card, there isn't any difference in what you have to do.

 

[Dave_n]

They have been in use for years outside of the USA. Al you have to do once the US catches up with the rest of the world is to put your card in the reader, then enter a pin and that is it. Something akin to a debit card but different. VISA and MC do not want the full version due to their losing control (meaning loss of cash to them), so the version in the US is a crippled one compared to the rest of the world. Just try buying a rail ticket in Europe or paying a restaurant bill with a card that requires a signature!! Dave_n

 

[THE PILGRIM]

After I got mine, was checking out at the self check-out at the nearby Walmart Grocery store.
I slid my card and got an error message.
The clerk lady saw that I was having trouble and came over to help.
The yelled 'you got to stick it in.'
I finally figured out she meant stick the end of the card into the machine.

 

[martybee]

They have been in use for years outside of the USA. Al you have to do once the US catches up with the rest of the world is to put your card in the reader, then enter a pin and that is it. Something akin to a debit card but different. VISA and MC do not want the full version due to their losing control (meaning loss of cash to them), so the version in the US is a crippled one compared to the rest of the world. Just try buying a rail ticket in Europe or paying a restaurant bill with a card that requires a signature!! Dave_n

Does that mean another round of new cards being issued that will require a PIN?

mb

 

[Rastoff]

I don't know if they're better, but we've been using them for years in the Air Force.

 

[wrhk33]

Are these the ones that can have the info stolen when someone with a scanner walks by you?

 

[2011redrider]

The wife has one, Wal Mart is the only place that it works. Mine is on the way as the old one had the strip wear out, went to the bank and they ordered a new one and told me it would have the chip on it when I got it.

 

[hoc9sw]

(In the US) If it is used as a debit card, it needs a pin. If used as a credit card, it does not. The host system has an electronic conversation of codes with the chip - if all the permutations are answered correctly, the charge is approved.

With a stripe, I can (and have, in my security job role) purchase parts off the internet that can copy and mass produce fake cards. If the use is timed correctly, they can all be used to massively overdraw your accounts.

The chip can be hacked (and has), but the apparatus that has to be connected to the chip to do it is too painfully obvious.

So this is just a step. I've been using chip cards for years. They are no more difficult, except for the few seconds of conversation, and they can't be copied by a swipe reader.

 

[hoc9sw]

These are not the RFID cards that can be read in proximity (like a passport). They have to be put in a reader.

 

[LostintheOzone]

The new chip activates a retina scan.

I think they are looking for replicants.

I knew this was going to happen.

 

[Pete99004]

You want to be sure the card reader is activated before you use the card in the chip mode. Many stores have the new reader but have not activated the system yet. If that is the case, it will NOT take your card for the purchase. If it rejects your transaction you may need to call the bank to get the card reactivated. So check with the cashier before using the chip reader. You can still slide the card with the magnetic strip like your old card was used.

Pete

 

[DWalt]

I think that by year-and, any merchant accepting those cards with chips must have a new reader. If not, the merchant, not the bank, is responsible for any credit card fraud. I've used them at several places, only difference is you insert the card into a slot for a few seconds instead of swiping them.

 

[Rastoff]

Are these the ones that can have the info stolen when someone with a scanner walks by you?

No, it can't be used that way. They would need your PIN to make sense of the data. Also, the card must be inserted to be read.

 

[chaparrito]

I recently replaced my debit card and it's the chipped variety. Nobody has the new terminals around here other than my feed store. It seems to take quite a few "seconds" when it's reading the card. No big deal.
I don't know how many cards I've worn out over the years. There is one thing I've noticed though. It's always the debit portion of the strip that wears out first. After the card won't work as debit, it can still be used as a charge card. Merchants have to pay more for charge transactions than for debits. Funny how that works out.

 

[williamlayton]

"STICK IT IN" could cause a stir in certain places.
Blessings

 

[martybee]

Thanks to all who replied to my OP. I think I have a handle on it now.
I don't use my card for debit so I don't need a PIN. I 'll continue to "Swipe" until the new card readers are in place for chip reading.
Incidentally, I am one from the "Old School". I am cheap and love the cash rewards generated from using the card. I use my card for almost all larger purchases.

mb

 

[walkin jack]

My new master card has the chip on one end. Lots of the stores I patronize have the new scanners that have a place to insert that end of the card. But WalMart is the only place where it is operational. Even though they mostly have the slot for the chipped card you still have to scan it the old fashioned way.

The thing I dislike about it is that when the scanner is through reading the card it will make a rude noise to remind you to remove it from the scanner. Bad enough my truck fusses at me, my computer fusses at me, and my wife fusses at me. Now even my dern credit card fusses at me too!.

 

[martybee]

My new master card has the chip on one end. Lots of the stores I patronize have the new scanners that have a place to insert that end of the card. But WalMart is the only place where it is operational. Even though they mostly have the slot for the chipped card you still have to scan it the old fashioned way.

The thing I dislike about it is that when the scanner is through reading the card it will make a rude noise to remind you to remove it from the scanner. Bad enough my truck fusses at me, my computer fusses at me, and my wife fusses at me. Now even my dern credit card fusses at me too!.

Me too(confused) And my dern cat fusses at me as well.

mb