Re: OT- debit cards

Posted by CBBC on April 04, 2011 at 09:00:03 from (96.54.232.164):

In Reply to: OT- debit cards posted by coloken on April 04, 2011 at 06:42:57:

As Ken Said below - In Canada we have two ypes of card Debit - direct out of bank and Credit - AE, MC Visa etc.

Canada apparently has been a test for the rest of NA to go CHIP with a PIN on the CC. Most all merchants have now switched over - I just got my new machine last week. It does recognise a card which does not have a CHIP and can be swiped still. Most people in Canada have had their cards switched over to CHIP.

Is it safer?? Yes. Can their still be problems? Yes. If you forget your PIN on the CC three or four times in a row it will lock the card down. You need to go to a bank which issues the card to get it to work again. Actually this is a pretty good feature - just remember your PIN.

Now a problem with both Debit Pins and CC Pins. Don't let them take it out of your view to swipe (under the counter, in the back room etc. The slime balls have come up with a way of tracking your key punches on a fake machine and corelating it to the swipe of your card. I was in a Gas station restaurant last yesr, bought a burger and coffee. The girlswiped my card, I entered the pin and paid, seemed like all was well.
Three days later a girl at my Credit Union called me on my cell in a bit of a pannic. She said my card had been compromised, we talked through may past transactions and discovered that about a $1000 had been withdrawn in three transactions in the previous day.
She said not to worry, we wrote a letter confirming the theft and my money was back in my bank within a day.
The banks and CC companies are very proacive up here and they can trace wierd purchase immediatly. I have had Visa call me on my cell as I walk out the doors of Home Depot to confirm my purchase. In fact they have cancelled my card twice just to be on the safe side. The new card is replaced imediatly. Yes its a bit of a hassel but I have never been out and money.

The new CHIP technology will be comming south soon. I gather there are so many more merchants that it takes longer to upgrade the system in the States. It's a good system. It's also important to have a good relationship with your bank or Credit Union that issues the Cards. They are always going to bat for me if there are any problems.

Grant

Replies:

• Re: OT- debit cards PeterE 10:15:54 04/04/11 (0)

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