Wireless Mobile Payment Protections Lacking - Consumer's Union Urges Improvement

Reviews: ?Optimum Online

Count Me Out I'll stick with my good old credit cards though I would not mind having "chipped" ones like they are using in Canada. I do not even bother with a debit card as those too have limited legally enforced protections. Having seen how cell phone companies can screw up just your cell phone bill, do you honestly trust them to bill you correctly for non phone service items? -- I support the right to keep and arm bears.

Reviews: ?Vonage ?Comcast	Re: hmmmm I used it and really liked how easy and fast it was to use. Also I am shocked (well I guess not to shocked) at how far behind we are when it comes to CC security here in the US. Over in Europe back in 99 they were already used CC's or bank cards with chips in them! Hell we still don't have that here. How sad is that! -- 801 Images

Reviews: ?Sprint Mobile Br.. ?Comcast

Re: hmmmm said by MSauk: I used it and really liked how easy and fast it was to use. Also I am shocked (well I guess not to shocked) at how far behind we are when it comes to CC security here in the US. Over in Europe back in 99 they were already used CC's or bank cards with chips in them! Hell we still don't have that here. How sad is that! Sure we do. I know a couple people with chips in their MC credit cards and they just wave card over the MasterCard PayPass terminals at CVS, WAWA, RiteAid, Home Depot, Mcdonalds, Sunocos, etc,etc. -- The nine most terrifying words in the English language are, I'm from the government and I'm here to help. ?www.politico.com/2012-election/

Re: hmmmm said by MSauk: But over there it seems to be mandatory? (more of a question then a statement) or widespread than in the US. In Europe, chipped credit cards are the default. Merchants are supposed to be able to accept the obsolete magnetic stripe cards, but not all do. And many ticket machines (like for the railroads) do not accept magnetic stripe cards. This issue comes up a lot on travel sites.

Reviews: ?AT&T U-Verse

said by ThrowDemsOut:said by MSauk: I used it and really liked how easy and fast it was to use. Also I am shocked (well I guess not to shocked) at how far behind we are when it comes to CC security here in the US. Over in Europe back in 99 they were already used CC's or bank cards with chips in them! Hell we still don't have that here. How sad is that! Sure we do. I know a couple people with chips in their MC credit cards and they just wave card over the MasterCard PayPass terminals at CVS, WAWA, RiteAid, Home Depot, Mcdonalds, Sunocos, etc,etc. It's not the same! The "chipped" cards from Europe have contacts just like an old phone card. This has nothing to do with the wireless "paypass" feature.

Reviews: ?Hargray Cable	Re: hmmmm said by cowboyro:said by jjeffeory: ...and you're free to pay foreign transaction fees too with those banks. As opposed to having to carry large amounts of cash and having the same fee (if not higher) buried into the exchange rate at some currency exchange place. Cash is actually more expensive then using any CC when in a different country.

Reviews: ?AT&T U-Verse	Re: hmmmm said by blguy07: Currency exchanges are always more expensive than a visit to a local bank. Not always, sometimes. Airports and hotels are the places with the worst rates. Even exchanging at the local bank is a rip-off. Depends on currency and the country. And selling back your unused foreign currency for USD is even worse.

Source: http://www.dslreports.com/shownews/Wireless-Mobile-Payment-Protections-Lacking-117753

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