Interac without PIN?

[ken0042]

Originally Posted by blah blah

It's not ridiculous at all. How can something be defeated entirely and limited at the same time? It carries a zero liability policy for the consumer and it can be removed so I'm not sure why anybody but a Luddite would be uncomfortable with it.

I guess the question would be- what burden of proof does somebody need to get the charges reversed? Is it zero liability based on my word alone, or is it zero liability as long as I can prove that I was somewhere else at the time of the transaction? The last time I had an issue with a credit card charge, the CC company told me to contact the merchant. Thank goodness it was Safeway and they took my word that I was charged twice.

Then there is the issue of what happens when your card does get compromised. From what I have heard from others, it can take weeks for money to be put back into your account. Personal experience with a bank error took a couple of days before I could use my debit card again.

Don't get me wrong; part of me likes this idea for the speed and convenience. However that doesn't mean that people cannot have some concerns about the security and function.

[photon]

Originally Posted by ken0042

I guess the question would be- what burden of proof does somebody need to get the charges reversed? Is it zero liability based on my word alone, or is it zero liability as long as I can prove that I was somewhere else at the time of the transaction? The last time I had an issue with a credit card charge, the CC company told me to contact the merchant. Thank goodness it was Safeway and they took my word that I was charged twice.

If Safeway didn't take your word for it the CC company would have, I've done a couple of reverse transactions via the CC company and while they do want as much documentation as you can provide, I've never even been hinted at that the validity of my claim was in question.

In the case of a stolen card it's easy to believe because you're requesting a new card. And someone who requests a new card every week to try and get a few free meals at McDonalds will be easily caught (or someone who has a pattern of denying charges).

The rules around it are well established for CC companies, I'm sure Interac will be almost the same, if not more lax for the consumer because of the smaller risk.

Originally Posted by ken0042

Then there is the issue of what happens when your card does get compromised. From what I have heard from others, it can take weeks for money to be put back into your account. Personal experience with a bank error took a couple of days before I could use my debit card again.

That's true, it does take some time to get the charge reversed for a CC, and while you wait it sits on the balance instead of coming out of your account. The transaction size is small enough that some people are fine waiting a week to get their $10 back, and if that's too great a risk then don't enable Interac Flash on the card.

Getting a new debit card is usually easier than getting a new credit card; just walk into a branch.

Originally Posted by ken0042

Don't get me wrong; part of me likes this idea for the speed and convenience. However that doesn't mean that people cannot have some concerns about the security and function.

Sure, and those that the concerns are great enough can choose to not use the service.

[photon]

That's very true, something that different should come with some education.

Everyone's probably like me though, get a card in the mail and all the literature with it instantly goes in the garbage.

[HOOT]

Originally Posted by fotze

A little info would be nice so people like Rathji would know that they can choose to not use the new service that they did not know about. Just bizarre.

When I received my card in the mail it came with a phamlet telling me what the service was, how it can be used and how to opt out. Did Rathji maybe discard what is usually useless information?

[Bill Bumface]

It blows my mind how many people in this thread had no idea what these symbols on their cars mean. This technology has been around for years: