Atm Cards With Chip

I was wondering if anyone had noticed something about the new Atm and Credit cards with a chip?

My new debit card came in the mail last month. (not the one above, feel free to use it)

I visit the good Atm quite often. Now with the chips my visit is really slow.

I find my time used up waiting and waiting in line or a drive up Atm.

Today I picked up a food carry out. The restaurant is using the new chip reader. She slides my card, people are also in line to pay, it felt like it took all day to pay.

I think the banks need to upgrade their RAM.

Anyone else find this a irrigation?

The only really irritating thing I have noticed is the difficulty of sliding the card all the way into the chip slot, but it really doesn't take all that much longer.

Maybe it's the difference between our bank and yours?

The issue I have is remembering who makes you insert the chip and who still has the slide the card style. I waste more time that way than anything else.

a reply to: ketsuko
Yes ketsuko, I agree the sliding of the card is annoying. I bank at chase. You have to insert Atm card info the machine. It locks your card in. Enter pin code. I find the wait time to enter your pin takes more time now.

Withdrawal, card unlocks. Take your cash. It must be Chase bank is slow.

a reply to: YachiruKusajishi

I agree as well. If you slide your card are at a store it will honk at you to place in the chip reader. I meant beep not honk.

A few extra seconds for more added security against fraud. Not a terrible drawback if you ask me.

BoA has had these for a few years. I remember thinking "mark of the beast" , right? But it turned out to be a good thing.They will alert you now if any unusual transactions are processed . Plus they can shut down your card immediately if your card is stolen or your information.

a reply to: CalibratedZeus

Stare at a clock for 15 seconds, and it can seem like an eternity. But sadly, Americans are now learning that it can take that long for their transactions to be completed using credit cards equipped with the new EMV smart chips. Since this technology is new to most of us, and is purported to be more advanced than the old magnetic stripes, many are wondering why we are being forced into the slow lane when we insert, rather than swipe, our cards. 15 seconds might not sound that bad, but if you multiply that by the number of customers standing in front of you in an otherwise fast moving line, the wasted time can really add up.

Source

a reply to: Gothmog

This is good news. Chase Bank just sent mine last month. I will get over the longer wait for a safer transaction

a reply to: Gothmog

Really? I have used BoA for about 2 years now and only just recently got the chip card In February of this year! The only reason I got it then was because my husband and myself were part of a potential security leak.

a reply to: Quantum12
In the grand scheme of things it's not a big deal, but I do acknowledge that while swiping transactions used to take about 5 seconds (excluding me entering my pin and agreeing to price) this chip thing takes a whopping thirty seconds. Again, not a big deal but sometimes it can be annoying (like when you realize you should have taken that number 2 before you left for the store).

What third world country are you guys living in

Magnet stripe is gone a long time ago, the chip has been there for years.

My card doesn't even touch the console, i just wave my card once over it, transaction takes a few seconds.

a reply to: eluryh22

LOL

a reply to: Quantum12

I don't like that I am forced to enter a pin by Kroger with my new 'chipped' debit card. I NEVER do debit transactions because you lose all the purchase protection of MasterCARD or Visa when you enter your pin.

While it doesn't make a big deal for the purchase of groceries if this practice becomes prevalent then I will need to get an actual credit card to make purchases with instead of using my debit card which I greatly prefer.

Keep in mind that places like Kroger pay less interchange on a debit card so they will try to force you to use a PIN any time they can. It used to be the 'default' transaction on debit cards so you had to hit cancel and then enter credit. Now they are FORCING the PIN to be used.

Remember that you can charge back a credit transaction while you have ZERO protection as a consumer if you do a debit transaction. Don't let them get away with forcing you to use your PIN.

PayPass ??



Tap and go

But a few weeks ago I got mad smashed my car and dropped my card and lost my keys.. lucky for me a handicapped lady found it she was deaf she gave me a big hug and gave it to me but no pin needed on those under $100


EDIT: now you can tap your iPhone against an EFTPOS to pay

a reply to: Quantum12

I don't like the chip. It's one step closer to "sir/ma'am, let us just implant this simple chip in your hand. It's for your convenience".

a reply to: Metallicus
I agree. I was at Walgreens the other day and was forced to use my pin after I was forced to use the chipper. Lol

Your right ATM transactions cost the store less.

a reply to: Vector99

Right, I don't like the chip either. Next they will embed it in our head and force us to stick our head into a machine to read the chip. Lol

a reply to: Quantum12

Use apple pay or google pay.

Its fast and easy.

I will never set up my phone to pay at the checkout. They have ZERO security already and I prefer the single point of failure of a credit card or debit card.