"Meyer" wrote in message
b.com...

On 9/30/2012 8:52 AM, iBoaterer wrote:
In article ,
says...

On Thu, 27 Sep 2012 23:34:16 -0400, wrote:

On Thu, 27 Sep 2012 15:26:24 -0400, GuzzisRule
wrote:

...learned something new today.

This demo is surprising. Check your cards.

http://youtube.googleapis.com/v/lLAFhTjsQHw%26sns=em


No RFID cards here

Think Passport and/or TWIC cards.

We are WAY behind Europe in regards to personal finance like debit
cards, etc.


In what respect? What is the advantage to debit cards?


-------------------------------
the advantage they have is the debit cards are more secure with Pin and
Chip. A lot harder to clone. They use less credit cards because they are
not accepted as many places as here. Friends have a small donut shop.
Customers want to use a credit card for a 2 dollar purchase of coffee and
donut. They would lose money on the sale as there is a $0.24 transaction
fee minimum in place of a percentage charge. Same for Debit cards, they
have to pay fee. Europe merchants would not accept a card in a small place
like a donut shop. Lots of B&B's do not take credit cards. And if you get
out of the bigger cities and towns lots of merchants do not accept cards at
all. I use credit cards a lot as I get a percent back on the AMEX and miles
on the Master Card. They never carry a balance, so not interest charges.