EFTPOS with Chip Card

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Forums › Finance and wealth management › EFTPOS with Chip Card - Slow

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Kyanar

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#714431 8-Nov-2012 22:57

Behodar: Well judging by Steve's post it appears that it won't work with my debit card anyway, which could partially explain lack of information :)

Edit: I'm with Westpac.

Westpac only offer NFC on Mastercards, not Visas.

DravidDavid

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#714458 9-Nov-2012 01:39

Pay-wave seems dangerous to me. Someone could steal my card, clean my account and be out of town before I realised!

sbiddle

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#714476 9-Nov-2012 06:45

DravidDavid: Pay-wave seems dangerous to me. Someone could steal my card, clean my account and be out of town before I realised!

Fraud levels in Australia have reduced with both with chip+PIN and NFC.

Paywave offers the same liability guarantee as any other credit card payments so that's never going to happen.

Jeeves

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#714561 9-Nov-2012 10:55

DravidDavid: Pay-wave seems dangerous to me. Someone could steal my card, clean my account and be out of town before I realised!

The max limit is $80, which you would get refunded if it was indeed stolen.

Benjip

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#714678 9-Nov-2012 13:50

I used Paywave (ASB Visa Debit) for the first time at BP the other day. So quick and easy. I just wish more retailers would hurry up and upgrade.

DravidDavid

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#715097 10-Nov-2012 11:59

At least with a credit/debit card, of you don't have a pin, you're stuffed. Even if the 80 dollars is refundable...what about when the the thief makes six 80 dollar is?

As far as convenience goes...punching in a 4 digit code is not that bad considering the extra security it provides.

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sbiddle

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#715100 10-Nov-2012 12:07

DravidDavid: At least with a credit/debit card, of you don't have a pin, you're stuffed. Even if the 80 dollars is refundable...what about when the the thief makes six 80 dollar is?

As far as convenience goes...punching in a 4 digit code is not that bad considering the extra security it provides.

If the thief makes 6 x $80 purchases you're still coverec by your credit card liability cover.

The vast majority of fraud isn't carried at at bricks and mortar premises or ATM's where the extensive use of CCTV means you will be identified. It's carried out online or via terminals in another country. Your PIN doesn't offer any protection in either of these situations.

Delorean

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#715106 10-Nov-2012 12:17

All Visa and Mastercards inc the Debit Visa from ANZ are now pay pass or pay wave enabled. Of course you need to have your existing card replaced to get it.

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Johnk

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#715370 11-Nov-2012 08:38

Kind of off the point of slow transactions, but any one have a good idea why ANZ Australia have limit set to $100AUD ($127NZD) or less for contactless transactions yet here its $80NZD?

sbiddle

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#715390 11-Nov-2012 09:42

Johnk: Kind of off the point of slow transactions, but any one have a good idea why ANZ Australia have limit set to $100AUD ($127NZD) or less for contactless transactions yet here its $80NZD?

You wouldn't be able to buy a round of drinks for NZ$80 in Aussie!

richms

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#715448 11-Nov-2012 14:26

Seen a few places deal with the slow chip cards in an interesting way, swipe it, then insert and remove the card and then swipe again. Result is a nice fast non chip transaction.

Will try that when I am next at a place with a self swipe terminal.

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Johnk

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#715450 11-Nov-2012 14:29

sbiddle:
Johnk: Kind of off the point of slow transactions, but any one have a good idea why ANZ Australia have limit set to $100AUD ($127NZD) or less for contactless transactions yet here its $80NZD?

You wouldn't be able to buy a round of drinks for NZ$80 in Aussie!

This is very true haha, just looking at my AUS ANZ visa debit card this morning and noticed the transaction limit was rather different, $127 vs $80 in the same currency.

Kyanar

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#715471 11-Nov-2012 16:08

richms: Seen a few places deal with the slow chip cards in an interesting way, swipe it, then insert and remove the card and then swipe again. Result is a nice fast non chip transaction.

Will try that when I am next at a place with a self swipe terminal.

Only works if the terminal can be convinced that the reason it couldn't read the card was due to a faulty chip or reader. If it believes the chip and reader are fine, then chip+PIN is mandatory - it will just keep telling you to reinsert the card.

sbiddle

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#715475 11-Nov-2012 16:22

Kyanar:
richms: Seen a few places deal with the slow chip cards in an interesting way, swipe it, then insert and remove the card and then swipe again. Result is a nice fast non chip transaction.

Will try that when I am next at a place with a self swipe terminal.

Only works if the terminal can be convinced that the reason it couldn't read the card was due to a faulty chip or reader. If it believes the chip and reader are fine, then chip+PIN is mandatory - it will just keep telling you to reinsert the card.

The worst terminals are the smartpay SP30's. If you don't enter a PIN with a chip card it'll simply default to signature, something I wasn't aware was actually permitted as it's an online transaction, not a EOV one.

Kyanar

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#715492 11-Nov-2012 17:16

sbiddle:
Kyanar:
richms: Seen a few places deal with the slow chip cards in an interesting way, swipe it, then insert and remove the card and then swipe again. Result is a nice fast non chip transaction.

Will try that when I am next at a place with a self swipe terminal.

Only works if the terminal can be convinced that the reason it couldn't read the card was due to a faulty chip or reader. If it believes the chip and reader are fine, then chip+PIN is mandatory - it will just keep telling you to reinsert the card.

The worst terminals are the smartpay SP30's. If you don't enter a PIN with a chip card it'll simply default to signature, something I wasn't aware was actually permitted as it's an online transaction, not a EOV one.

Ah yes, I thought that myself when prompted "Press Enter for PIN Bypass" on a CHQ transaction at PB Tech today. Was wondering if it would even work, but wasn't game enough to try it. Possibly down to it being that the base card is a Mastercard?

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