View Poll Results: Victim of credit card fraud
Yes 23 52.27%
No 21 47.73%
Voters: 44. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
 
Old 09-01-2017, 10:05 AM   #61
Guru
 
ranger42c's Avatar
 
City: Annapolis
Vessel Model: 58' Sedan Bridge
Join Date: Aug 2013
Posts: 5,747
Quote:
Originally Posted by BandB View Post
The burden is on all of us. Users can be more diligent in watching for fraud. Merchants must add the equipment, whatever it costs, and the issuers have found that the only way to get them to do so is to hold them accountable if they don't. Card issuers must continue to upgrade their protections and continue to spend on new and better security systems.

Yes, certainly, but the merchant's don't seem to be reacting quickly to all that "held accountable" stuff. Seems they're happy to just raise prices overall and stick their heads back in the sand...

-Chris
__________________
Chesapeake Bay, USA
ranger42c is offline   Reply With Quote
Old 09-01-2017, 10:56 AM   #62
Guru
 
BandB's Avatar
 
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 20,372
Quote:
Originally Posted by ranger42c View Post
Yes, certainly, but the merchant's don't seem to be reacting quickly to all that "held accountable" stuff. Seems they're happy to just raise prices overall and stick their heads back in the sand...

-Chris
Some do, some don't. The major merchants have reacted. We have retail stores and websites and wouldn't think of not being in full compliance. Security is important. Worse than the monetary loss it the damage to a business of customer data being gotten. Ask Target how badly they were hurt.
BandB is offline   Reply With Quote
Old 09-01-2017, 03:35 PM   #63
Guru
 
Northern Spy's Avatar
 
City: Powell River, BC
Vessel Name: Northern Spy
Vessel Model: Nordic Tug 26
Join Date: Feb 2012
Posts: 3,741
Quote:
Originally Posted by dhays View Post
Having just returned from BC, I really like the way the retailers there handle the credit cards. Big or small, all restaurants and bars are able to handle the expense of the wireless card readers.

Of course the security of that is only as good as the encryption used on the wireless I suppose.

I just wish that more US companies would adopt the new tech. I had thought that using chip readers was mandatory (we made the switch in our office a few years ago) yet I still see a few retailers who haven't yet made the change. Not sure why...?
Canada only has a few banks. They joined together and formed interact 30 years ago as an electronic debit system. They introduced chip cards ten years ago. Retailers couldn't exist without electronic transfers. Any transaction I make instantaneously shows up on my phone. Android Pay and Apple Pay are common in the smallest of businesses. We can even email money to each other through email addresses.

Because of this, credit card companies have been forced to use chip cards for years in Canada.

Can always tell US visitors as they are the ones signing receipts, which sometimes flummoxes young servers.
Northern Spy is offline   Reply With Quote
Old 09-01-2017, 05:21 PM   #64
Scraping Paint
 
City: CT
Join Date: Mar 2017
Posts: 963
It is the much more effective banking regulation regimes overseas, oriented around public interest and consumer protection, that has resulted in their fraud rates remaining better under control.

Neither merchants nor consumers should have to primarily bear the burden

It is job of the government to ensure that the banks and payment networks comply with appropriately stringent requirements.

The problem in the US is that our financial industry has been allowed to subvert the public agencies that are supposed to keep them in line, so bank profitability has become a higher priority than the public interest.
john61ct is offline   Reply With Quote
Old 09-01-2017, 06:51 PM   #65
Guru
 
High Wire's Avatar
 
City: Cape May, NJ and Englewood, FL
Vessel Name: Irish Lady
Vessel Model: Monk 36
Join Date: Dec 2007
Posts: 4,239
Not internet fraud but Ive learned to only use a gas company credit card at service stations on the road from NJ to FL. Had my Visa hijacked twice by skimmers in gas pumps.
__________________
Archie
Irish Lady
1984 Monk 36 Hull #46
Currently in Englewood, FL
High Wire is offline   Reply With Quote
Old 09-01-2017, 06:59 PM   #66
Guru
 
Bigsfish's Avatar
 
City: Miami River
Vessel Name: Gotcha
Vessel Model: Grand Banks. Heritage. 54
Join Date: Aug 2016
Posts: 2,884
I was told never to go inside and use a card, use it at the pump much less chance of the pump having a reader than a dishonest employee to steal your info.
Bigsfish is offline   Reply With Quote
Old 09-01-2017, 10:40 PM   #67
Guru
 
BandB's Avatar
 
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 20,372
Quote:
Originally Posted by Bigsfish View Post
I was told never to go inside and use a card, use it at the pump much less chance of the pump having a reader than a dishonest employee to steal your info.
I've read the exact opposite. Now some depends on the equipment inside. Also the closer the pump is to the office the safer. The far pumps are the easy ones to install skimming equipment. The more sophisticated chains are cutting down on skimmers though with new equipment.
BandB is offline   Reply With Quote
Old 09-02-2017, 08:03 AM   #68
Guru
 
Bigsfish's Avatar
 
City: Miami River
Vessel Name: Gotcha
Vessel Model: Grand Banks. Heritage. 54
Join Date: Aug 2016
Posts: 2,884
BansB

Sorry if I wasn't clear, the reason not to go inside is because the employee will steal your CC info after you drop off the card and go out to pump.
Bigsfish is offline   Reply With Quote
Old 09-02-2017, 09:11 AM   #69
FF
Guru
 
FF's Avatar
 
Join Date: Oct 2007
Posts: 22,316
I find in many smaller shops Cash Is King , ask for a cash discount , and frequently they give one!
FF is offline   Reply With Quote
Old 09-02-2017, 10:00 AM   #70
Guru
 
dhays's Avatar
 
City: Gig Harbor
Vessel Name: Kinship
Vessel Model: North Pacific 43
Join Date: May 2015
Posts: 9,001
Quote:
Originally Posted by Planobilly View Post
I decided to have one special bank account for all online purchase and do not use that account for anything else. I also do not keep any excess money in the account. This has the effect of limiting my risk to acceptable limits no mater what the outcome could be.

I should consider doing that. I have a lot of utilities and other regular expenses that are paid by CC. I love the convenience, until a card is cancelled. Then it is a pain. Using a separate card for those automatic payments, a different card or online purchases, and a third for day to day purchases would reduce the hassle. I'd still only need to carry one card with me.

I've never really had problems with my cards. Maybe because I don't get out much. I've had my bank replace my cards due to security issues several times over the past 5 years however due to security breaches elsewhere. Target was one.
__________________
Regards,

Dave
SPOT page
dhays is offline   Reply With Quote
Old 09-02-2017, 11:21 AM   #71
TF Site Team
 
Bay Pelican's Avatar
 
City: Chicago, IL
Vessel Name: Bay Pelican
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,993
Quote:
Originally Posted by dhays View Post
Using a separate card for those automatic payments, a different card or online purchases, and a third for day to day purchases would reduce the hassle. I'd still only need to carry one card with me.
This is exactly what I do, except I always carry two cards as one might be compromised/denied at the most inconvenient time.
__________________
Marty
Bay Pelican is offline   Reply With Quote
Old 09-02-2017, 12:55 PM   #72
Guru
 
BandB's Avatar
 
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 20,372
Quote:
Originally Posted by Bay Pelican View Post
This is exactly what I do, except I always carry two cards as one might be compromised/denied at the most inconvenient time.
I always carry two as well. One reason is that many smaller businesses have issues with their processing. I've had a card refused that I used before and I used elsewhere ten minutes after the refusal. Yet, another card was accepted. The refusal never showed up with my card company as even being attempted.
BandB is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Trawler Port Captains
Port Captains are TF volunteers who can serve as local guides or assist with local arrangements and information. Search below to locate Port Captains near your destination. To learn more about this program read here: TF Port Captain Program





All times are GMT -5. The time now is 12:52 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012