Can someone tell me why we adopted the European's stupid...

Can someone tell me why we adopted the European's stupid, insanely slow and incredibly frustrating debit/credit card chips, even though they too are insecure like the magswipes?

It absolutely blows when the card reader takes 15s+ per read to process, so much slower than swiping.

>muh security
The chips are cloneable and groups are selling the card data (harvested from infected Pins) along with blank chipped cards and a writer that will allow them to make cloned cards that will accept any PIN.
digitaljournal.com/tech-and-science/technology/prilex-malware-clones-chip-and-pin-payment-cards/article/517536

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i own a chip and its never took me more than 5 seconds to process

In here (middle east) reading takes less than 3 seconds.

this.
Don't blame the chip when the problem is obviously the lack of a decent communication infrastructure in the US.

Processing time depends on the network. It has nothing to do with the type of card. You're an idiot.

Don't be sad, maybe you'll dinally adopt contactless when we move on to the next standard.

Blame your third world Internet.

Problem is with you guys. Instant here in norway.

Same.
t. Baltic faggot

/thread

we dont even have to put the card in the machine anymore, we just tap it on the reader and it pays instantly, the us seems like the 3rd world in some aspects

Profit is what keeps america from advancing

>European's stupid, insanely slow and incredibly frustrating debit/credit card chips, even though they too are insecure like the magswipes?
>It absolutely blows when the card reader takes 15s+ per read to process, so much slower than swiping.

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this.
Just hold your wallet near the device, enter pin and done.
fucking muritards, cant even use cards properly.

>chip

don't worry amerilards in 15 years or so you will have contactless cards

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>falling for the banking scam
>not just using cash everytime it's an option

this

Literally the only time I don't tap is when I need to use an ATM.
-Canada

Just use the fucking ATM.
Unless you are one of those credit cultists that have great 10% cashbacks.

Why would you inconvenience yourself for literally no reason?

Probably privacy related considering CC companies can and do sell user information.

it literally takes a second to read a chip where I live in the US

>not having contacless payment

Is NFC fairly secure? I have an S8 and just added my card to samsung pay. I will have to try it out sometime soon.

I don't understand why contactless is a desirable feature. Taking a card from your wallet and sticking it in a slot is not a difficult or time consuming procedure. You still have to enter the PIN. And it opens you up to anything that gets near your pocket reading your card. Oh joy, now in addition to all the other security and privacy measures, I need an RFID-blocking wallet.

How exactly does a chip help prevent fraud for online transactions?
Answer: it doesn't.
It's boggling how the CC industry hasn't incorporated some sort of public key signature system for authorizing transactions.
Instead it's "herp give everybody this secret number and pray they don't charge too much"

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>tfw I have two paywave cards in my wallet
>tfw I can't tap my wallet, I have to take one of the out
Fuck my life.

Nigga, chip in card contains private key. You can't steal money by sniffing network. You would need a tapered terminal, but those use PKI too and are closely monitored by banks.

Same goes for Poland. Just tap and go.

I just use Apple Pay to pay for my shopping.

can confirm
quite literally touch and go

I actually work in that field. The companies who make the hardware have abso-fucking-lutely no clue what they're doing.

One time we got a prototype for integration testing and that piece of shit was running on node.js backend.

>you still have to enter the PIN

No you don't.

No you don't need an RFID blocking wallet. Read the terms of your card you brainlet. The bank will be liable and you'll be prompted for your PIN code for any large payments, if not you should register with a decent bank. In my country the liability of the card holder is something like $40.

If you notice it and dispute it within X days, subject to these eight pages of terms and conditions, etc etc. Better to just not have the card be readable by anyone unless its taken out and inserted in something. It's a trivial and cheap security measure, and the thing you're sacrificing it to get - contactless - isn't even much of a convenience improvement.

chip is for physical transations (where you put card into termial). Nothing on card procets you from online shopping since that is processed by bank and vendor backend without communicating with card.
However there are custom solutions to this too - like I can enable that for any payment online (i.e. Amazon) where I put CC+CVV number I need to confirm on bank webpage.
Without this you cant use card online.

>If you notice it and dispute it within X days, subject to these eight pages of terms and conditions, etc etc.
You don't have push notifications for card payments?

Your smartphone is likely to be the most insecure computing device you own - ancient, never-updated OS, app stores riddled with malware, etc. Unless you either go full freetard or drop a grand on an iThing, each of which have their own problems. oh, and it's also really easy for it to get lost, broken, or stolen.

So no, I don't want anything to do with banking, making purchases, or handling money to be anywhere near my phone, ever, for any reason.

I love these threads

Europeans get to tell Americans about their oh-so-superior purchase technology, Americans get to tell Europeans how their bullshit money wasting efforts were cracked half a dozen different ways 15 years ago, and anybody saying that none of it matters at all and we should just stick to simple methods because the implementation costs and time lost adjusting actually loses more than it could possibly save.

I don't know a single person who's been defrauded electronically through using a magswipe card. I know dozens of people whom complain about the fragility of the chip and how it takes the same amount of time at most places to make a purchase. Now businesses have had to spend collectively hundreds of millions of dollars, we've lost time and efficiency, there was never a real problem with stolen magswipe credentials, and to top it off you don't even need the chip functionality to purchase a single thing. I can just hit "enter" and it bypasses the PIN verification, as if it were a magstrip-only credit card, same as before.

So fuck off. This shit is useless like your life.

So there's literally 0 security for contactless cards?

>is radio wave communication secure?
As secure as leaving your wallet at the counter every time you buy something.

Yes, but if your card is stolen you report it and your money is refunded

Yeah but that's been a thing with all card based accounts for decades.

How does the chip or a contactless option change it?
Are you people dense?

>European
We don't even use chip anymore.
Tap and pay has been everywhere for a couple of years now, only use pin if you spend more than $30 in any certified store.
Person to person payment is entirely digital.
Nobody here have used swiping in the past 15 years.

We have contactless ATMs here in Spain.

The chip in every card I've owned has either malfunctioned from the get-go or after just a few months of having it. Fucking half of the times I buy something, I have to fucking literally fuck the machine with it three times for it to fall back to the magstripe. So fucking much more secure.

I am Greek and cards here work two ways:

For up to 25 euros, you just tap the card somewhere around the reader and you're instantly done
For more than 25 euros you thrust the card in the slot, put in your pin and pull it out. It takes about 20 seconds to print the receipt.

It just works.

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So basically you can steal someone's chip-based card, put some scotch tape over the chip, and you can then use it even without the pin until they report it stolen.

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In order to use contactless, you need a certificate and you cannot just make a fraud business without leaving a trace back to you.
So say your card gets stolen or cloned, someone have to spend money at a fraud business at an insanely slow rate in order to steal money from the card.
If the owner of the card notices the card is missing or notices there is money missing, he can report it and get the money back. When you get the money back, you can be sure someone much richer than you gets pissed off and gets motivated to finding the people who stole the money.
And since the thieves probably don't want to risk this for $30/day, they will target multiple people at a time.
The more people they steal from, the more people will notice.
It is not a good strategy.

As for the security in general, it is not any better or worse than anything else.
All you need is a way to prove that the payment is from you and they need to prove the payment is to them.
They could use TLS and it would be fine.

I'm in the US never been over 5 sec

As AvE would say:
"The problem seems to be in between the drivers seat and the steering wheel."

Very simple. Visa and mastercard wanted to save on card swiping returns and forced it on everyone. And what are you gonna do, faggot? USA cash?

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I had my mag swipe stolen 3 times in 4 months.
Once the ancient years card.
Then the new by an infected pos
Then the new new got cloned a week in and used for an uber on the wrong side of the continent
That made nfcu give me a chip

this

we've already been having paypass (NFC inside your card) for years...
>amerifags btfo

>get new credit card
>it has one of those "chips" europoors on Sup Forums keep raving about
>go to mcdonalds
>order two mcdoubles, a mcchicken, 20 chicken nuggets, 2 large fries, and a mcflurry
>attempt to slide the chip
>"you have to insert it in the slot underneath, sir"
>the slot takes 30 seconds to find
>60 more seconds for it to "verify"
>beeps when it's done
>go deaf from beeping
>by the time I get to a table, my food is cold and a random shooter has gunned down everyone in the restaurant
>have to tip the shooter
>he only accepts credit cards
>"you have to insert it in the slot underneath, sir"
>get shot because I can't find the slot in time
>now $130k in debt from hospital bills

How the fuck is this better?

Before Obamacare you paid 250k and the shooter was too young to get a gun before Trump

>have to tip the shooter
kek'd

this is actually fucking hilarious

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My contactless card with a chip takes usually less than a second to process. Sometimes two.

I didnt know us of a was such a hicktown with retarded payment options, just like germany. Fuck germans and their "cash only" and "only over 10 euro payments with card" bullshit. What a disgrace of a EU nation

Magnetic swiping is caveman tech.

RFID tap tech is insecure.

These credit/debit cards need to get on these merchants more about impementing chip cards.

I'm so sick of this BS of them having a chip capable reader but they want you to to use the magnetic reader.

because most businesses have a literal dial up internet quality.

Gas pumps are common targets for the illegal readers.

كيف حالك /ج/نتومان

Euro here, have always suspected the magnetic black strip was for swiping on some machine but have never seen it being used in my life

اطلع برا بليز

>live in 2nd world country
>60% use paypass
>imprint or even mgnetic is literally nonexistent
>hardly ever takes more than 3 seconds to process
>internet is dirt cheap
>on some terminals connected to lan it takes even less than a second

Maybe if you studied the standard and implementations you'd know it doesn't send your real CC info

كل تبن هذا جزاي اسالك

>they too are insecure like the magswipes

Please elaborate.

you just arrived at chips? NFC is where it is my friend

We had those over a decade ago, no one used them and they got taken out eventually. One if the drive throughs a by my house looks mangled under the window because of where one those used to be. . Truth is Americans hate changing, and unless you actively force us, we won't. See feet, miles and Fahrenheit for further examples.

In a funnier anecdote, people made a business out of selling lined credit card covers, so people can't scan your card in your wallet link related youtu.be/-Gq8R36TRDM

good lad
sad to see even g tinfoilers be this clueless about opsec

yeah, fuck privacy!

>not paying everything with bitcoins

>only use chip+pin every few months
>I've forgotten my pin by then

Cash is king. How else would I smudge my taxes if I used a chip for everything?