Have chip-card debit credit cards been a failure in the US?

Have chip-card debit credit cards been a failure in the US?
by

1 Answer

Answer :

I have had fewer problems with chip cards than I did with cards that only had a mag strip that got scratched and unreadable. And he problems seem to be the reader, not the cards. My cards also don’t get bent or sat upon. I have a metal wallet that I carry in my front pocket.
by

Related questions

A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost & battery effective, and, of course, very environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Description : A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be ... , a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Last Answer : Which of the following company launched “Receive and Win” campaign for Ramzan? A) Mobikwik B) Freecharge C) Paytm D) MoneyGram E) Udio

Which of the following types of cards is free from credit risk? A. Credit card B. Debit Card C. Prepaid Cards D. Charge Cards E. Both (C) and (D)

Description : Which of the following types of cards is free from credit risk? A. Credit card B. Debit Card C. Prepaid Cards D. Charge Cards E. Both (C) and (D)

Last Answer : B. Debit Card Explanation: A debit card a safe, convenient, risk-free alternative to cash and has no credit risks attached.

What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored? a. Customer relationship management systems cards b. E-government identity cards c. FEDI cards d. Smart cards

Description : What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored? a. Customer relationship management systems cards b. E-government identity cards c. FEDI cards d. Smart cards

Last Answer : d. Smart cards

What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored? a. Customer relationship management systems cards b. E-government identity cards c. FEDI cards d. Smart cards

Description : What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored? a. Customer relationship management systems cards b. E-government identity cards c. FEDI cards d. Smart cards

Last Answer : d. Smart cards

What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored? a. Customer relationship management systems cards b. E‐government identity cards c. FEDI cards d. Smart cards

Description : What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored? a. Customer relationship management systems cards b. E‐government identity cards c. FEDI cards d. Smart cards

Last Answer : d. Smart cards

When a debit card does not have a chip, am I still able to track it?

Description : When a debit card does not have a chip, am I still able to track it?

Last Answer : Yes. The company who issued the card will be able to track where yours was last used.

Do you think it would be helpful to have our pictures on our credit or debit cards?

Description : Do you think it would be helpful to have our pictures on our credit or debit cards?

Last Answer : No, I do not think it is likely this would be helpful to me. Yes, there are banks that do it. The main reason it's considered helpful is to try to prevent use of your card by others. ... think it will confound many people in the case that someone does take your card, unless they're extremely dense.

Do you bother to sign your debit/credit cards anymore, if you ever did.

Description : Do you bother to sign your debit/credit cards anymore, if you ever did.

Last Answer : No, I just scribble on the line. No one has ever questioned my about my signature.

How to understand credit- and debit cards? (more info inside)

Description : How to understand credit- and debit cards? (more info inside)

Last Answer : Credit card – spending money you don’t have. Debit card – Like writing a check.. but digitally.

A purveyor of baked goods is approached by a man with a very low I.Q. who wants to buy some of the baker's creations; however, the man with the low I.Q. has no credit or debit cards, no checks, and in fact, doesn't even have one red cent in his pocket to buy anything, so he is flatly denied any of the seller's goods. Who is this dolt who is trying to get something for nothing? -Riddles

Description : A purveyor of baked goods is approached by a man with a very low I.Q. who wants to buy some of the baker's creations; however, the man with the low I.Q. has no credit or debit cards, no ... denied any of the seller's goods. Who is this dolt who is trying to get something for nothing? -Riddles

Last Answer : Simple Simon met a pieman going to the fair. Says Simple Simon to the pieman, 'Let me taste your ware.' Says the pieman to Simple Simon, 'Show me first your penny.' Says Simple Simon to the pieman, 'Indeed, I have not any.

Why are credit cards more convenient than debit?

Description : Why are credit cards more convenient than debit?

Last Answer : They allow people to buy things without paying immediately.

Advantages of Using Credit Cards Over Debit Cards?

Description : Advantages of Using Credit Cards Over Debit Cards?

Last Answer : With the country in financial turmoil, debit card use hasskyrocketed. Debt-laden consumers have switched to debit cards totry and alleviate their financial burdens. However, the fault forcredit card ... againstfraud because the money stolen is not actually missing from any ofthe customer's a

Why do USA citizens prefer credit cards over debit cards?

Description : Why do USA citizens prefer credit cards over debit cards?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

With which card company has Axis bank launched its contactless debit cards? A) MasterCard B) RuPay C) EuroPay D) Visa E) None of these

Description : With which card company has Axis bank launched its contactless debit cards? A) MasterCard B) RuPay C) EuroPay D) Visa E) None of these

Last Answer : D) Visa Explanation: Axis Bank, on Wednesday announced the launch of its Contactless Secure+ Debit Card for regular savings account customers, to provide access to a larger customer base with contactless ... (POS) terminals and also use the card as a normal debit card at any POS terminal.

What is the difference between magnetic strip credit cards and chip cards?

Description : What is the difference between magnetic strip credit cards and chip cards?

Last Answer : Chip cards are generally considered to be more secure than magnetic strip cards. To understand why, we need to understand how the two technologies work.A magnetic strip holds information about the card ... .Put simply, EMV chip cards are safer. Each transaction generates a unique code, and count

Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Who is responsible for credit card debit when someone dies?

Description : Who is responsible for credit card debit when someone dies?

Last Answer : The estate pays all debts before any inheritance is handed over.

What's better when traveling, use your credit card to get cash or use your bank debit card?

Description : What's better when traveling, use your credit card to get cash or use your bank debit card?

Last Answer : I would guess that withdrawing cash from an ATM is cheaper using a debit card than a credit card as the credit card company nomally charge you a fee on top of the higher rate of interest.

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Description : My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Last Answer : OK, I can’t be bothered to write your novel for you unless I get a decent ghost’s pay, but here is a must. The whole thing begins to unravel when investigators of thse bogus charges made to the dead man’s credit cards track the purchases down to young Tanaka and charge him with murder.

What percentage of college students have a credit and/or debit card?

Description : What percentage of college students have a credit and/or debit card?

Last Answer : I have a check card. I can deposit money into the account and withdraw cash like a debit card, but I can also use it in stores or online like a credit card without having to type in my pin.

Does having only a debit card do absolutely nothing for establishing credit?

Description : Does having only a debit card do absolutely nothing for establishing credit?

Last Answer : It sounds like you need to get a credit card. Just pay most of the balance off every month (I think keeping a small balance is better than paying the entire balance off every month, but I'm not 100% ... . If you have a cell phone bill, rent, utilities, etc., that's another way to establish credit.

Do you sign the back of your credit/debit card?

Description : Do you sign the back of your credit/debit card?

Last Answer : No, mine say “See ID”. They usually don’t ask me at all either, so when someone does I make sure I say something like “Thanks for asking for ID” so they know and will maybe do it for other customers, too.

What's the difference between a debit and a credit card ?

Description : What's the difference between a debit and a credit card ?

Last Answer : If you use debit card you spend money from your bank account and if you use credit card you will get it as your loan so you will have to repay the loan later. The advantage of a credit card is that ... anyone, you can borrow from that. As a result, you have to pay interest on the loan to the bank.

SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Description : SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Last Answer : If your tax savings and 401K investment return combined are higher than your credit card debt interest, then no.

Is it true is only credit card that can be linked to paypal account? And it's not possible with debit card?

Description : Is it true is only credit card that can be linked to paypal account? And it's not possible with debit card?

Last Answer : One thing that I am sure about PayPal is the fact that they are one of the best international money transaction company that we have out there. This is to say that as a mode of operation, they ... at before deciding that it is not cool to allow users to link their debit cards to their accounts.

Can I do a credit card debit by phone to pay the premium on my flood insurance?

Description : Can I do a credit card debit by phone to pay the premium on my flood insurance?

Last Answer : That depends upon your insurance agent, but the chances are very good. Mine accepted a credit card. You should probably pay it before you get flooded, though.

Is it safe to buy things onling using a debit/credit card?

Description : Is it safe to buy things onling using a debit/credit card?

Last Answer : It is perfectly safe to by goods online using your credit card or debit card. Just make sure you check your statements regularly to ensure you are not being defrauded.

Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Description : Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Payment banks cannot issue loans and credit cards while at the same time current account and savings accounts can be operated by such banks.

In UPI, we can Send money to any bank account through mobile without entering ____________ A. debit/credit card details B. net banking/wallet password C. receiver‘s account number. D. All of the Above E. None of the Above.

Description : In UPI, we can Send money to any bank account through mobile without entering ____________ A. debit/credit card details B. net banking/wallet password C. receiver‘s account number. D. All of the Above E. None of the Above.

Last Answer : D. All of the Above Explanation: Send money up to Rs 1 lakh to any bank account through the mobile without entering debit/credit card details, net banking/wallet password or even knowing the receiver‘s account number.

Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

Description : Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

Last Answer : d) E-cheque

Which one is also known as plastic money? a) Credit card b) Debit card c) Paper cash d) All of the above

Description : Which one is also known as plastic money? a) Credit card b) Debit card c) Paper cash d) All of the above

Last Answer : a) Credit card

Which one is not an E-payment method used in India a) Debit card b) Credit card c) E-cheque d) None of the above

Description : Which one is not an E-payment method used in India a) Debit card b) Credit card c) E-cheque d) None of the above

Last Answer : d) None of the above

What is the name of the card which can be used by the buyers during he time of purchase and in which the amount will be immediately debited from the buyers account? a. E-Distributor b. Debit Card c. Credit Card d. Power Card

Description : What is the name of the card which can be used by the buyers during he time of purchase and in which the amount will be immediately debited from the buyers account? a. E-Distributor b. Debit Card c. Credit Card d. Power Card

Last Answer : b. Debit Card

…………………. Is a form of E - Currency that exists only in cyber space. a. ATM Card b. Credit Card c. Digital Cash d. Debit Card

Description : …………………. Is a form of E - Currency that exists only in cyber space. a. ATM Card b. Credit Card c. Digital Cash d. Debit Card

Last Answer : c. Digital Cash

which one is not an E‐payment method used in India a. Debit card b. Credit card c. e‐cheque d. none

Description : which one is not an E‐payment method used in India a. Debit card b. Credit card c. e‐cheque d. none

Last Answer : d. none

Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque

Description : Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque

Last Answer : a. Cash on delivery

Which one is also known as plastic money? a. Credit card b. Debit card c. Paper cash d. All of the above

Description : Which one is also known as plastic money? a. Credit card b. Debit card c. Paper cash d. All of the above

Last Answer : a. Credit card

The E‐payment mechanism widely used in B2B is a. Credit card b. Debit card c. Master card d. E‐cheque

Description : The E‐payment mechanism widely used in B2B is a. Credit card b. Debit card c. Master card d. E‐cheque

Last Answer : d. E‐cheque

In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions

Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions 

Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank 

If you have a credit card with a chip and pin what is used as the pin?

Description : If you have a credit card with a chip and pin what is used as the pin?

Last Answer : As far as I have seen, they skipped the PIN part of the implementation in the US. Gas pumps ask for a zip code. Nobody else asks for anything.

A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch d. Magnetic tape

Description : A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch d. Magnetic tape

Last Answer : Punched paper tape

A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch

Description : A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch

Last Answer : a. Punched paper tape

A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch d. Magnetic tape

Description : A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch d. Magnetic tape

Last Answer : a. Punched paper tape

Chip cards have been out for almost a year. Does it make any sense how they're being handled?

Description : Chip cards have been out for almost a year. Does it make any sense how they're being handled?

Last Answer : answer:They are actually more secure. The numbers change after every use. That prevents some nefarious person from copying the numbers and reusing. They are being phased in slowly. “Eventually” we will be as secure as the rest of the world. Just like the Metric system.

Will the banks start charging us for using a debit card?

Description : Will the banks start charging us for using a debit card?

Last Answer : A safe alternative is checks. Some banks give a certain number of free checks per month, and some have unlimited free checks. They may require a minimum in checking. (I just paid $1 fee yesterday for ... on Monday about and try to get them to reverse. It's new since Wachovia became Wells Fargo).

Personal Pictures On Debit Cards?

Description : Personal Pictures On Debit Cards?

Last Answer : The picture is supposed to be for security reasons. Do you understand why having a picture of two people on the card could be a problem?

Anyone using prepaid debit cards?

Description : Anyone using prepaid debit cards?

Last Answer : What new regs and fees?

Is it true Americans do not use bank debit cards in retail and for online banking?

Description : Is it true Americans do not use bank debit cards in retail and for online banking?

Last Answer : Ummm, I’m in the United States and only use a debit card. It has the Visa logo so it works anywhere that takes Visa but it pulls the money straight from my account.

What are prepaid loaded debit cards?

Description : What are prepaid loaded debit cards?

Last Answer : Prepaid/ loaded debit cards function like normal debit cards, as they are used in substitution for cash. The largest difference is that they have a preloaded dollar value that can not be exceeded.