OT: Online payment security

[Ken Blake]

Yes, that's what I'm talking about. First it was the swipe machine, then
it was the one that printed out a ticket for you to sign, now you enter
a PIN. Restaurants that don't have them are unheard of in the UK, and
getting increasingly rare in continental Europe. As for taking your card
away from the table - it never happens.

My memory of this is slightly different from yours, but since you live
there, I'm sure yours is better than mine. So I'll defer to yours. <g>

 

[cameo]

Yes, that's what I'm talking about. First it was the swipe machine, then
it was the one that printed out a ticket for you to sign, now you enter
a PIN. Restaurants that don't have them are unheard of in the UK, and
getting increasingly rare in continental Europe. As for taking your card
away from the table - it never happens.

I have not seen those in the US yet. But then, we tend to trail EU in
high tech stuff. It's a shame, really.

 

[AlDrake]

On two occasions I've had my credit card compromised.
In both cases, I filed a *fraud* report immediately and was not charged
for the transaction but it was a bit inconvenient.


I do a lot of transactions on-line so the convenience is worth it.
It is not likely an employee of one of the companies was dishonest.
I know in one instance the vendor had their data base hacked...
there was an article in the paper about it.

From now on, I am not going to let any vendor store my credit card
number though.

I always use a debit card and keep my limit low. When I purchased a
washer/dryer I knew I would have to make a phone call to get the limit
raised one time only. If somehow someone gets access to my card and the
pin number they will be unable to use it for a purchase over the limit I
set. I don't ever allow over draft protection where the card is tied to
any other account. So far the only time my card was compromised was when
a store I shopped at was hacked. I never knew it until I was notified by
my bank.

What is more worrisome is the banking policies to share my personal
information. How many have actually read their policy agreement and know
who is getting your personal data?

 

[philo]

I always use a debit card and keep my limit low. When I purchased a
washer/dryer I knew I would have to make a phone call to get the limit
raised one time only. If somehow someone gets access to my card and the
pin number they will be unable to use it for a purchase over the limit I
set. I don't ever allow over draft protection where the card is tied to
any other account. So far the only time my card was compromised was when
a store I shopped at was hacked. I never knew it until I was notified by
my bank.

What is more worrisome is the banking policies to share my personal
information. How many have actually read their policy agreement and know
who is getting your personal data?

One thing I learned is that my bank did not handle things very well.
I eventually figured out not to use the word "error" , the word "fraud"
must be used before they get it.

As far as privacy, there is no such thing.

A few months back I needed to purchase car insurance.
All I had to do was give them my name , address and the make of my car
and they had *everything* else they needed.