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  #21  
Old 03.08.2016, 13:25
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Re: Contactless credit card payment

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In theory, yes - up to 40 chf. However, there is a random check for pin even for small transactions under 40chf. Not sure exactly how often but should be on average about max every 5th transaction.
On my card, it certainly asks for pin quite regularly.
Thank you for your reply, that's good to know. I have written to PostFinance with whom I have the Visa cc. Wonder what their reply is regarding this issue.
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  #22  
Old 03.08.2016, 14:14
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Re: Contactless credit card payment

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isn't this outdated info? Most of my online transactions now have to go through the 3D secure stuff where you have to specify a password, or a security code that is generated using an app (example: Transakt).

Even in the time before 3D secure there used to be an address check, so the user would have to provide more than the info on the card.
Ok, my Amex was copied on a trip to South Africa two years ago, so I have some pretty direct experience: Even back then did any western website have the security checks and what not. A lot of hotel booking and flight ticket services apparently don't. That's what the criminals did and the bank immediately reacted when they thought "he cannot be booking that many hotel rooms on the same date"... and blocked the card.


I am not sure how exactly the scams work, but clearly did the criminals not intend to use those flight tickets or hotel reservations - there must be some loop to cancel the reservations and get the refunds transacted elsewhere or paid out.


I did pretty much everything wrong possible - for starters was I on a 12 hour flight when the show started and the bank tried to reach me. It was no issue at all though: All I needed to do was to go through my CC statement and let them know which flight tickets and hotels I actually booked and which are the 95% which were fraudulent. I am pretty sure that Amex does not carry that risk - They probably manage to hold the merchants responsible if they are refunding money through a different channel. Otherwise all the criminal ends up with are some tickets and bookings he cannot use.


Credit card, and credit in general is a risk game. The CC companies make 3-5% of revenues, which is a LOT and therefore can cover a small fraction of fraud.
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  #23  
Old 03.08.2016, 14:24
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Re: Contactless credit card payment

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As far as I know, the issuing bank bears all the liability for fraudulent use of the credit card, providing the card owner takes reasonable precautions. This includes not writing down or disclosing the PIN, and reporting the card as stolen as soon as this is known. This is the great thing about credit cards -- misuse is generally not your problem.
You know that three number code on the back of your credit card? IT DOESN'T NEED TO BE THERE (sorry for shouting). As it is only used for 'cardholder not present' transactions (internet, over the phone) it shouldn't be on the card, as anyone who finds/steals your card has a blank cheque.

Memorise and/or write down your code somewhere secure and SCRAPE OFF THE CODE FROM YOUR CARD. (ditto)
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  #24  
Old 05.08.2016, 20:28
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Re: Contactless credit card payment

True for Amex which I used while living in the US. They were very good at alerting me immediately by phone and email AND blocking the card if there's questionable activity.

Now I'm using the PostFinance Visa Credit card., When I received the new one it came with the "oh so advanced" contactless feature. When I inquired how can I remove this feature I was told by PostFinance that it cannot be done, but that they would alert me if they suspect strange activity. How can they possibly detect such with small amt payments. The card can be used for a while until I realize I lost my card.
Here in CH I'm not using my credit card on a daily basis like I did in US, but mostly when traveling abroad or for larger purposes. For daily use I carry the PostFinance cash card where one can remove the "wave" option.
Anyway, I asked Visa up to which amount they would cover me by the time I realize something's wrong - which could be by the time I get my statement. I haven't heard from them yet.
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Old 05.08.2016, 22:01
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Re: Contactless credit card payment

I have the contactless Migros freebie credit card. Most SBB ticket machines now have this feature. When in a hurry, relieves you the hassle of counting small change or worst, putting in a bill and getting back plenty of small coins as change.

I also use it frequently for small grocery shopping thru the self service counters. I like the way people around me get amused when without taking the CC out, I wave my wallet at the reader and instantly get the receipt out.


I know I should not to get my butt (where my CC wallet is) too close to the payment machines on my way out as I might just unknowingly pay other people's purchases too
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Old 06.08.2016, 11:58
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Re: Contactless credit card payment

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I like the way people around me get amused when without taking the CC out, I wave my wallet at the reader and instantly get the receipt out.
Doesn't work too well when you have more than one contactless credit card (btw, is there a snappy name for this technology here? In Australia it's called Paywave). And of course, your cards are susceptible to be being read and copied. That's why I use a Secrid wallet. Don't worry, you still get the amused looks when you pop your card up out of the wallet.
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Old 06.08.2016, 12:04
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Re: Contactless credit card payment

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Doesn't work too well when you have more than one contactless credit card (btw, is there a snappy name for this technology here? In Australia it's called Paywave). And of course, your cards are susceptible to be being read and copied. That's why I use a Secrid wallet. Don't worry, you still get the amused looks when you pop your card up out of the wallet.


I love my Secrid wallet, can highly recommend it. And yes, you do get the funny looks
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