31 Years of the Digest ... founded August 21, 1981
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The Telecom Digest for May 15, 2013
Volume 32 : Issue 104 : "text" Format
====== 31 years of TELECOM Digest -- Founded August 21, 1981 ======
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Date: Mon, 13 May 2013 11:31:35 -0400
From: tlvp <mPiOsUcB.EtLlLvEp@att.net>
To: telecomdigestmoderator.remove-this@and-this-too.telecom-digest.org.
Subject: Re: In Hours, Thieves Took $45 Million in A.T.M. Scheme
Message-ID: <xte816z12ekt.o0jk7xhpgete.dlg@40tude.net>
On 13 May 2013 03:25:18 -0000, John Levine wrote:
> Master Card, Visa, and American Express have published their
> transition schedule. In October 2015, most merchants will become
> liable for fraudulent transactions if they don't have an EMV (chip
> card) terminal. A few kinds of terminals, notably gas pumps, have
> until 2017.
>
>
> http://www.emv-connection.com/emv-migration-driven-by-payment-brand-milestones/
>
Interesting. With this background, I just phoned up Chase and Capital One,
US credit card issuers, and learned from the first CS rep I encountered at
each that (according to said rep) there are NO current plans to convert any
of their card lines to chip-and-pin or to chip-and-signature -- both
claimed that ALL merchants are -- and, for the foreseeable future, will
remain -- obligated to continue to honor the old-style magstripe cards.
[Of course, other CS reps may have other stories :-) .] Cheers, -- tlvp
--
Avant de repondre, jeter la poubelle, SVP.
Date: 13 May 2013 20:11:35 -0000
From: "John Levine" <johnl@iecc.com>
To: telecomdigestmoderator.remove-this@and-this-too.telecom-digest.org.
Subject: Re: In Hours, Thieves Took $45 Million in A.T.M. Scheme
Message-ID: <20130513201135.92407.qmail@joyce.lan>
>> Master Card, Visa, and American Express have published their
>> transition schedule. ...
>Interesting. With this background, I just phoned up Chase and Capital One,
>US credit card issuers, and learned from the first CS rep I encountered at
>each that (according to said rep) there are NO current plans to convert any
>of their card lines to chip-and-pin or to chip-and-signature --
Chase offers chips in many of their travel affiliate cards, described here:
http://creditcardforum.com/blog/chip-and-pin-credit-cards-usa/
As far as I can tell Capital One doesn't offer chip+pin on any of
their US cards.
Date: Mon, 13 May 2013 11:29:29 -0500
From: Doug McIntyre <merlyn@dork.geeks.org>
To: telecomdigestmoderator.remove-this@and-this-too.telecom-digest.org.
Subject: Re: In Hours, Thieves Took $45 Million in A.T.M. Scheme
Message-ID: <UvSdnUgRO7N0iQzMnZ2dnUVZ_qqdnZ2d@giganews.com>
"John Levine" <johnl@iecc.com> writes:
>>We'll never see chip based cards in widespread use in the United States.
>>They'd have to replace the ENTIRE infrastructure
>Master Card, Visa, and American Express have published their
>transition schedule. In October 2015, most merchants will become
>liable for fraudulent transactions if they don't have an EMV (chip
>card) terminal. A few kinds of terminals, notably gas pumps, have
>until 2017.
>
>http://www.emv-connection.com/emv-migration-driven-by-payment-brand-milestones/
>
And the date for ATMs is October 2016 for (at least) Mastercard
transactions, where liability shifts away more from Mastercard.
Money talks. Once the banks are more on the hook, you'll bet they'll
scramble. Planning ahead? Nah..
http://newsroom.mastercard.com/press-releases/mastercard-extends-u-s-emv-migration-roadmap-to-atm-channel/
http://www.mastercard.us/mchip-emv.html
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