Home Repair (alt.home.repair) For all homeowners and DIYers with many experienced tradesmen. Solve your toughest home fix-it problems.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1   Report Post  
Posted to alt.home.repair
external usenet poster
 
Posts: 8,582
Default OT Purpose of cc chip

OT

Thinking of going to Guatemala, to see how it compares to 1971.

12 tips to traveling in Guatemala, some sort of silly (Don't rush to
join a demonstration.). But this one is curious. Quoted in full:

10. Don’t Use Public ATMs

There are many scams where thieves attempt to steal credit card numbers and PINs from ATMs


Good advice. A problem in the US too.

. Many tourists have been victims of credit card scams where their card information is stolen and fraudulently used.


More about the topic.

And even though ATMs are readily accessible, most of them are too old to even read the chip in your new bank card. That’s even more reason to always have some cash on hand.


I thought the chip was there for the owner of the ATM or the merchant
who was giving money or things in the transactiion, to give him further
assurance that the card is good. Not to benefit the cardholder.
That's why the banks told these merchants that if they didn't get new
card readers, they wouldn't be reimbursed for money fraudulently
obtained from them. (if the chip would have prevented it, I assume)

But are there not still thousands of such card readers at merchants in
the USA who don't want to spend the money for a new reader? And even
if not, if the ATM in Guatemala can't read the chip, it can still read
the magnetic strip, and it will still give you money, Yes?

---
This email has been checked for viruses by AVG.
http://www.avg.com

Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Guess this tool's purpose. Jeff Wisnia Metalworking 11 June 12th 05 10:31 PM
purpose of TL081 in this circuit? - LowRippleHVsupply2.jpg (0/1) Mebart Electronics Repair 4 June 1st 05 09:32 PM
What purpose does standby serve? Greg Electronics Repair 27 February 14th 05 01:35 AM
MULTI-PURPOSE SAWHORSES J T Woodworking 0 January 11th 05 06:11 AM
Advice on how locating ( Chip FA4111 & chip M52722P) in the UK ? (for a vgood 21" monitor) Chris Electronics 1 January 29th 04 03:46 AM


All times are GMT +1. The time now is 02:03 PM.

Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 DIYbanter.
The comments are property of their posters.
 

About Us

"It's about DIY & home improvement"