Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard
by seanp2k2 on Friday June 17, 2016 @02:29PM
(#11924546)
We don't have pins on our chip cards and as far as I'm aware, no bank is issuing CCs with pins with or without a chip. Debit cards use PINs, but bring a host of other liability problems to the user, and almost universally lack the rewards programs which consumers with good credit take advantage of (because hey, I get 2-3% towards travel expenses while paying the same).
[ Parent
| on HN ]
Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard
by wvenable on Friday June 17, 2016 @03:07PM
(#11924876)
> We don't have pins on our chip cards
That seems to be true, what I can't figure out is why.
Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard
by Apatheist on Saturday June 18, 2016 @04:19AM
(#11927564)
Because the fees on signature transactions are higher.
Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard
by mikelward on Saturday June 18, 2016 @01:57PM
(#11929790)
Are you sure? The only information I can find that agrees with you is about debit cards, where PIN means it uses a different payment network. Credit PIN uses the same network as credit signature, so it seems unlikely the fees would be different.