braintreepaymentsolutions.com — Visa made a pretty significant announcement today. Here is some context for what they are trying to address. Over the past few years, Point of sale (POS) systems used by retailers and restaurants have been a gold mine for criminals stealing credit card. This has been the case because certain POS systems have been designed to store prohibited ......
Oct 30, 2007 View in Crawl 4
garabitoOct 31, 2007
ATM machines have been around...basic PIN number authentication...THIS POST WAS APPROVED BY APPROVAL OF THE REDUNDANCY DEPARTMENT OF REDUNDANCY
ldkronosNov 1, 2007
Rules for Visa Merchants<a class="user" href="http://usa.visa.com/download/merchants/rules_for_visa_merchants.pdf">http://usa.visa.com/download/merchants/rules_for_v ...</a>page 29, in bold print:"Although Visa rules do not preclude merchants from asking for cardholder ID, merchants cannot make an ID a condition of acceptance. Therefore, merchants cannot refuse to complete a purchase transaction because a cardholder refuses to provide ID. Visa believes merchants should not ask for ID as part of their regular card acceptance procedures."
knowlseyNov 5, 2007
The real question we should be asking is, "Who insisted on these POS systems in the first place?" answer - VISA. Don't kid yourselves Visa is doing anyone any favors here. They are just looking after their own interests. These POS systems cost a fortune, to be paid for by the merchants. And credit card fraud has gone through the roof since the introduction of chip and pin.
pingudownunderNov 8, 2007
This is correct - however what you seem to be takling about there is the UK Implementation of the EMV Standard (<a class="user" href="http://en.wikipedia.org/wiki/EMV),">http://en.wikipedia.org/wiki/EMV),</a> where they have reversed the "burden of proof" from the Merchant to the Consumer. It is notoriously difficult to prove that you didn't do something as compared for someone else to prove that you did - and I am sure there is some legal precedent there. In any case the UK implementation already has published deficiencies - see <a class="user" href="http://www.cl.cam.ac.uk/research/security/banking/relay/">http://www.cl.cam.ac.uk/research/security/banking/ ...</a> for an example.The article in question is more about the PCI (Payment Card Industry) Compliance standards that the merchant has to implement (<a class="user" href="https://www.pcisecuritystandards.org/);">https://www.pcisecuritystandards.org/);</a> and a LOT of countries around the world are way behind on implementation of these. Only when Visa, Mastercard and AMEX pull the ability of a major supermarket or bank to process transactions will the business community actually do something about it.
dvdchrisNov 23, 2007
Um, wrong. Have you been shopping recently? Thanks, davesawyer for the link.Beginning Jan. 1, 2005, all newly purchased credit card machines must print only the last five digits of the credit card number.Small-business owners have until Dec. 1, 2006, to switch their credit card machines over to meet new regulations.I'm printing copies of this to present to merchants that are still printing the entire card number.