Re:Wise is deactivating Business cards in the US on Oct. 31st
by doublerabbit on Saturday October 28, 2023 @03:46AM
(#38047986)
I discovered you can only use the card five times contactless before you were required to chip&pin to reset the counter.
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Re:Wise is deactivating Business cards in the US on Oct. 31st
by ThePowerOfFuet on Saturday October 28, 2023 @06:10AM
(#38048579)
This is part of PSD2 (five transactions or €150 total before you have to use Chip and PIN again).
Re:Wise is deactivating Business cards in the US on Oct. 31st
by throwaway67743 on Saturday October 28, 2023 @06:16AM
(#38048610)
It's infuriatingly dumb as my backup high street banks (in multiple countries) have failed to implement this, I noticed when I got a new eco card, it's not even always 150 eur or 5 times, sometimes it is less of both.
I understand risk mitigation but I am not a moron and it's my responsibility if my card is used without my authorization and thus they can just pass liability onto me I don't care, it's not a credit card I can't spend more than I have on it.
Secondary to that, at least here they never update contactless limits, so it's still 500kc/20 eur, ať which point you are required to enter pin anyway, iirc back home in the UK many terminals allow up to 100 per transaction without pin