Tekforums
Chat => General Discussion => Topic started by: Bacon on March 13, 2011, 22:08:25 PM
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Just wondering if this will effect the whole world?
http://uk.gizmodo.com/5781321/banks-are-planning-to-cap-debit-card-purchases
If something like this takes effect people who use Debit often will be forced onto Credit cards for online purchases.. Sucks..
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Might happen in the US, but I can't see it making it pass OFT here.
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anything to do with banks those in number ten will allow tbh , banks already rip you off in the uk with hidden charges for using debit cards (although a small amount) . had this with my last bank and asked why i was charged for using my debit card , all they would say it was a mistake and i was refunded 5 years worth of charges (only worked out to about £45 though)
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That would never fly here, in general we're a lot more savvy than the Americans (it seems they have to pay bank cheques even :-\) it's not the sort of thing the banks could quietly slip into place.
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I would like to see banks issue a new kind of instant payment card. Like they have in Hong Kong where they can use their versions of the Oyster card
to make small purchases like newspapers, snacks, drinks, etc. just by flashing their card.
As for enforcing a debit card limit - then I will just stick to online purchases that take paypal.
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anything to do with banks those in number ten will allow tbh , banks already rip you off in the uk with hidden charges for using debit cards (although a small amount) . had this with my last bank and asked why i was charged for using my debit card , all they would say it was a mistake and i was refunded 5 years worth of charges (only worked out to about £45 though)
nope, never been charged for using my debit card.
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just read a little more about it. It seems that in the US they charge a debit card fee per transaction & the rules are going to cut the charge
by about 2/3rds
http://online.wsj.com/article/SB10001424052748703327404576194950657660510.html?mod=googlenews_wsj
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I would like to see banks issue a new kind of instant payment card. Like they have in Hong Kong where they can use their versions of the Oyster card
to make small purchases like newspapers, snacks, drinks, etc. just by flashing their card.
Didn't Barclays trial this type of card in London?
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I would like to see banks issue a new kind of instant payment card. Like they have in Hong Kong where they can use their versions of the Oyster card
to make small purchases like newspapers, snacks, drinks, etc. just by flashing their card.
Didn't Barclays trial this type of card in London?
Still are I think, I remember seeing a (Barclays I think) swipe point on a crappy newspaper shack thing outside Liverpool St Station (last year)
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I would like to see banks issue a new kind of instant payment card. Like they have in Hong Kong where they can use their versions of the Oyster card
to make small purchases like newspapers, snacks, drinks, etc. just by flashing their card.
http://en.wikipedia.org/wiki/Octopus_card (http://en.wikipedia.org/wiki/Octopus_card)
Didn't Barclays trial this type of card in London?
Still are I think, I remember seeing a (Barclays I think) swipe point on a crappy newspaper shack thing outside Liverpool St Station (last year)
http://en.wikipedia.org/wiki/Octopus_card
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Yeah it's not just London either, and Orange have just released the same, ran by Orange, I got one through work as it meant I got a free fiver, but don't expect I'll use it... I think the limit per transaction is only a tenner, but can see it being easy to clone or possibly even acidently swipe, although there may be pin protection? Not actually checked yet?
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I would like to see banks issue a new kind of instant payment card. Like they have in Hong Kong where they can use their versions of the Oyster card
to make small purchases like newspapers, snacks, drinks, etc. just by flashing their card.
Didn't Barclays trial this type of card in London?
You get contact-less payment now on a lot of credit cards, ive got it on my virgin and barclaycards. You pay by touching your card to the payment handset. I think the limit is £15.
People worry about fraud but ive always found the cover so good im not going to worry about it.
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I would like to see banks issue a new kind of instant payment card. Like they have in Hong Kong where they can use their versions of the Oyster card
to make small purchases like newspapers, snacks, drinks, etc. just by flashing their card.
Didn't Barclays trial this type of card in London?
You get contact-less payment now on a lot of credit cards, ive got it on my virgin and barclaycards. You pay by touching your card to the payment handset. I think the limit is £15.
People worry about fraud but ive always found the cover so good im not going to worry about it.
I thought they was RF-ID - so would be quite difficult t duplicate - I guess the risk is getting close enough to debit some micro transactions with a device.
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i buy everything on debit card, i wont use a shop that doesn't take them.
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Surely not that difficult, you would just need a reader? Then duplicate off that?
You wouldn't even be that close?
Maybe my understanding is incorrect?
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After a little more research, it appears to be fairly easy to copy if you can get close enough, i.e. bumping in to someone in the street.
i.e. pick pocketing without having to actually go in to the pocket!
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Just wondering if this will effect the whole world?
http://uk.gizmodo.com/5781321/banks-are-planning-to-cap-debit-card-purchases
If something like this takes effect people who use Debit often will be forced onto Credit cards for online purchases.. Sucks..
$100 not £100
Its in response to a US rule - unlikely to affect the UK.
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I would like to see banks issue a new kind of instant payment card. Like they have in Hong Kong where they can use their versions of the Oyster card
to make small purchases like newspapers, snacks, drinks, etc. just by flashing their card.
Didn't Barclays trial this type of card in London?
You get contact-less payment now on a lot of credit cards, ive got it on my virgin and barclaycards. You pay by touching your card to the payment handset. I think the limit is £15.
People worry about fraud but ive always found the cover so good im not going to worry about it.
Just out of interest - I believe these things can be used in place of Oyster cards - that is one of the reasons why I'd potentially avoid getting one... Suppose I get a season ticket loan from work for a pre paid monthly or yearly oyster card but I also have one of these credit cards in my pocket - does anyone know for sure which card is going to be registered first at the barriers - would I risk get billed the oyster PAYG rate on the credit card - worse still will it register swiping in on one and swiping out on the other thus later applying a penalty fare on both.
I've already had enough experiences of fines with faulty barriers etc.. in general to basically not trust TFL to have implemented something like this properly and would wager that the issuers are hoping people would use these things in place of an oyster card.
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If it detects two cards it throws an error. It's happened to me before as I carry two oysters in my wallet and I had to ask the guy and he knew immediately what was wrong from the error code.