Re:EMV Switch This Week Could Threaten Many Businesses in U.S
by rbobby on Thursday October 01, 2015 @01:25PM
(#10312841)
Same in Canada... gotta take the card and then the money comes out. Nice thing is that you never forget your card in a machine :)
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Re:EMV Switch This Week Could Threaten Many Businesses in U.S
by davb on Thursday October 01, 2015 @01:33PM
(#10312907)
Yeah. And if you do happen to enter you PIN, request cash then just walk away, the machine will furiously beep for a short time then pull the card back in ("swallow the card").
You've then got to request a replacement card from your issuer but it does limit the chance of a stranger coming along and retrieving the forgotten card and attempting to use it (for a signature fall-back transaction after damaging the chip, or for a cardholder not present - CNP - transaction).
Bank-operated ATMs will also often retain the card if it's been reported lost or stolen, but this does rob the lucky/brave checkout operator of their £50 bonus if they happen to retain a stolen card that's been used in store.