> and magstrips are no more
There is zero incremental security because of this. Why pick the lock on the door when the window is open?
There is zero incremental security because of this. Why pick the lock on the door when the window is open?
I made a statement of fact. I'm making no normative claims, I'm describing reality. At this point in time, there is zero additional security provided by the implementation. Am I supposed to ignore reality and lie about it, because someday things will be better?
Which is great, as even some chip ATMs you put the card in far enough to have a magstripe skimmer work on most cases (presumably so that they work with the magstripe cards also)
Not the case for contactless!
(Of course here in Australia, Chip+Pin is Universal and Contactless is near-universal... I can use Apple Pay almost everywhere even small shops and have been able to for several years.. different story to much of the world)
Now the one thing that annoys me, is that currently shops here despite having separate payment terminals customer facing (largely for pin numbers) still operate sometimes on you handing your card to them - which is totally not necessary - especially in drive throughs. This is getting less common with tap to pay using mobile phones as people are (somewhat amusingly to me, given the value potential) hesistent to hand their phone to someone versus their actual card. I really wish merchants would enforce hard not letting the shop assistants handle cards (at least, prompt to handle it, if someone really wants help I'm not against that, but I don't like the default expectation).
But I also realise this kind of thing is much more common in some places so your mileage and feelings may vary.
> protects against credit card cloning at a particular point of sale
A sieve stops water from streaming through at particular points in the mesh, too.
Your black and white reasoning is not how most humans think. What if the answer is "Bob graduates in a month."?
As a warning before trying this for real: most ATMs annoyingly check both the chip and magstripe, so you won't be able to get cash out even in countries where chip & PIN are the widely used in payment terminals. Found out by carrying my cards in a phone case with a snap-close magnet.
Eventually banks are going to stop issuing cards with magstripes on them. But this will take years, until everyone has both on their cards and both readers in their terminals.