In article , says...

On 10/1/2012 10:50 AM, Meyer wrote:
On 10/1/2012 10:39 AM, GuzzisRule wrote:
On Mon, 1 Oct 2012 09:08:52 -0400, iBoaterer wrote:

In article , says...

On 9/30/2012 1:44 PM, wrote:
On Sun, 30 Sep 2012 11:58:59 -0400, iBoaterer wrote:

In article , says...

On 9/30/2012 10:58 AM, wrote:


In Europe they use pre-loaded smart cards.

They use preloaded cards because their electronic banking system is
not that great across the borders. people are likely to cross.



I just don't understand how the elites don't understand the
differences
in simple logistics here and over there... Comparing us to Europe
just
doesn't work, it's apples to oranges.

Our monetary systems work the same, moron.

But their credit card and debit card switches don't.
That is particularly true between northern and southern Europe. When
you get out of the Euro zone, they may not have any connectivity at
all.

Would you really want your vacation to depend on an Italian or Greek's
bank's switch working?


I was more talking about our economy and infrastructure, etc. Our
geography alone makes things a lot different for business... I don't
expect kevin to get anywhere near that...

How does our geography make things a lot different for business here
than say.... Italy? Please be specific. I know you won't because once
again, you are talking stupid.

Drive across Italy. Then drive across the USA. Even you should be able
to tell the difference.

First, you'd need to show Loogy where Italy is on the map.

Then wait till he's old enough to drive...

Yeah, you sure told me exactly how our geography makes things alot
different for business here than elsewhere.... NOT...

In article ,
says...

On Mon, 1 Oct 2012 09:07:31 -0400, iBoaterer wrote:

Pin and Chip, look it up because I know that you haven't a clue.


What happens when you lose a pin and chip card?
If the totals are really stored in the cloud, why is it different than
a regular debit card? Both count on the security of the PIN
If someone somehow figures out your PIN (maybe watching you punch it
in, recorded on their phone) how is it any more secure when they steal
your wallet?

In that instance it's not any safer. But that's not how most card thefts
occur.

http://en.wikipedia.org/wiki/Chip_and_PIN

In part:

Under the old system, a customer had to hand their card to the assistant
to pay for a transaction. When credit cards were first introduced,
offline portable card imprinters (mechanical rather than magnetic) which
did not connect to the card issuer were used without the card leaving
the customer's sight; transactions over a certain limit had to be
verified by telephoning the card issuer. Later equipment was introduced
which electronically contacted the card issuer using information from
the magnetic stripe to verify the card and authorise the transaction;
this was much faster, but had to be in a fixed location. Consequently,
if the transaction did not take place near a terminal (in a restaurant,
for example) the card had to be taken away from the customer to the card
machine. It was easily possible at any time for a dishonest employee to
swipe the card surreptitiously through a cheap machine which would take
a couple of seconds to record the information on the card and stripe; in
fact, even at the terminal, the criminal could bend down in front of the
customer and swipe the card on a hidden reader. This made illegal
cloning of cards easy, and a common occurrence.
Since the introduction of Chip and PIN, cloning of the chip is not
feasible; only the magnetic stripe can be copied, and a copied card
cannot be used on a PIN terminal. Fortuitously, the introduction of chip
and PIN coincided with wireless data communications technology becoming
inexpensive and widespread, and wireless PIN pads were introduced that
could be brought to the customer and used without the card ever being
out of sight (this would have been possible, had the technology been
available, with magnetic stripe cards). Chip and PIN and wireless
together reduce the risk of cloning of cards by brief swiping.

I suspect that because it's newer technology you and the righties don't
want it, correct?

In article ,
says...

On Mon, 1 Oct 2012 12:30:04 -0400, iBoaterer wrote:

In article , says...


Yeah, you sure told me exactly how our geography makes things alot
different for business here than elsewhere.... NOT...

The thing that makes our country different than the dozen or more
countries within a day's train ride in Europe is we have a few bank
switches that link virtually every bank in the country.
One credit/debit card machine can process debit transactions from any
bank in the country, instantly.
That may not be true in Europe and they want an autonomous card with
the data right on the card, not in the cloud.
I am still not sure how that works when you lose the card.

That has absolutely NOTHING to do with what Scotty said, in that
geography makes our economy any different. With chip and pin, you still
have a pin, just like with the old magnetic strip cards.

In article ,
says...

On Mon, 1 Oct 2012 14:17:54 -0400, iBoaterer wrote:

In article ,
says...

On Mon, 1 Oct 2012 09:07:31 -0400, iBoaterer wrote:

Pin and Chip, look it up because I know that you haven't a clue.


What happens when you lose a pin and chip card?
If the totals are really stored in the cloud, why is it different than
a regular debit card? Both count on the security of the PIN
If someone somehow figures out your PIN (maybe watching you punch it
in, recorded on their phone) how is it any more secure when they steal
your wallet?

In that instance it's not any safer. But that's not how most card thefts
occur.

http://en.wikipedia.org/wiki/Chip_and_PIN

In part:

Under the old system, a customer had to hand their card to the assistant
to pay for a transaction. When credit cards were first introduced,
offline portable card imprinters (mechanical rather than magnetic) which
did not connect to the card issuer were used without the card leaving
the customer's sight; transactions over a certain limit had to be
verified by telephoning the card issuer. Later equipment was introduced
which electronically contacted the card issuer using information from
the magnetic stripe to verify the card and authorise the transaction;
this was much faster, but had to be in a fixed location. Consequently,
if the transaction did not take place near a terminal (in a restaurant,
for example) the card had to be taken away from the customer to the card
machine. It was easily possible at any time for a dishonest employee to
swipe the card surreptitiously through a cheap machine which would take
a couple of seconds to record the information on the card and stripe; in
fact, even at the terminal, the criminal could bend down in front of the
customer and swipe the card on a hidden reader. This made illegal
cloning of cards easy, and a common occurrence.
Since the introduction of Chip and PIN, cloning of the chip is not
feasible; only the magnetic stripe can be copied, and a copied card
cannot be used on a PIN terminal. Fortuitously, the introduction of chip
and PIN coincided with wireless data communications technology becoming
inexpensive and widespread, and wireless PIN pads were introduced that
could be brought to the customer and used without the card ever being
out of sight (this would have been possible, had the technology been
available, with magnetic stripe cards). Chip and PIN and wireless
together reduce the risk of cloning of cards by brief swiping.

I suspect that because it's newer technology you and the righties don't
want it, correct?


If you keep reading you find out these cards have been cracked and
they are thinking about a rewrite of the whole system

http://en.wikipedia.org/wiki/EMV#Vulnerabilities

I think I will wait.

Of course you will.

wrote in message ...

On Mon, 1 Oct 2012 09:07:31 -0400, iBoaterer wrote:

Pin and Chip, look it up because I know that you haven't a clue.


What happens when you lose a pin and chip card?
If the totals are really stored in the cloud, why is it different than
a regular debit card? Both count on the security of the PIN
If someone somehow figures out your PIN (maybe watching you punch it
in, recorded on their phone) how is it any more secure when they steal
your wallet?

-------------------------------
That way they are not any different than our cards, but can not be cloned so
easily, and you may only lose a day's money, instead of a couple weeks until
your bill comes in.

"iBoaterer" wrote in message
...

In article ,
says...

On Mon, 1 Oct 2012 12:30:04 -0400, iBoaterer wrote:

In article , says...


Yeah, you sure told me exactly how our geography makes things alot
different for business here than elsewhere.... NOT...

The thing that makes our country different than the dozen or more
countries within a day's train ride in Europe is we have a few bank
switches that link virtually every bank in the country.
One credit/debit card machine can process debit transactions from any
bank in the country, instantly.
That may not be true in Europe and they want an autonomous card with
the data right on the card, not in the cloud.
I am still not sure how that works when you lose the card.

That has absolutely NOTHING to do with what Scotty said, in that
geography makes our economy any different. With chip and pin, you still
have a pin, just like with the old magnetic strip cards.


-----------------------
Have to go though different countries banking laws, so not all banks can be
accessed easily like in the USA.

On 10/1/2012 7:39 PM, Califbill wrote:
"iBoaterer" wrote in message
...

In article ,
says...

On Mon, 1 Oct 2012 12:30:04 -0400, iBoaterer wrote:

In article , says...


Yeah, you sure told me exactly how our geography makes things alot
different for business here than elsewhere.... NOT...

The thing that makes our country different than the dozen or more
countries within a day's train ride in Europe is we have a few bank
switches that link virtually every bank in the country.
One credit/debit card machine can process debit transactions from any
bank in the country, instantly.
That may not be true in Europe and they want an autonomous card with
the data right on the card, not in the cloud.
I am still not sure how that works when you lose the card.

That has absolutely NOTHING to do with what Scotty said,


Oh **** you you stupid ****....

In article , says...

On 10/1/2012 7:39 PM, Califbill wrote:
"iBoaterer" wrote in message
...

In article ,
says...

On Mon, 1 Oct 2012 12:30:04 -0400, iBoaterer wrote:

In article , says...


Yeah, you sure told me exactly how our geography makes things alot
different for business here than elsewhere.... NOT...

The thing that makes our country different than the dozen or more
countries within a day's train ride in Europe is we have a few bank
switches that link virtually every bank in the country.
One credit/debit card machine can process debit transactions from any
bank in the country, instantly.
That may not be true in Europe and they want an autonomous card with
the data right on the card, not in the cloud.
I am still not sure how that works when you lose the card.

That has absolutely NOTHING to do with what Scotty said,


Oh **** you you stupid ****....

What an intelligent statement.......