[ale] OT Ouch. Stay away from proprietary technology.

[Alex Carver]

It would be business suicide not to offer the protections but legally
they're not required to do so, that's the only point I was making (e.g.
the laws are still not offering protection parity with credit vs. debit
cards).

Several card issuers used to have one-time-use systems or other token
systems.  I believe MasterCard had one for a while and then discontinued
it.  Many of these things early on required cooperation from retailers
so it was difficult to get any traction.

Many years ago (around 1998 or so) American Express was issuing smart
card readers to go with their (new at the time) AmEx Blue card with
chip.  The idea way back then was to allow online purchasing using a
token system so that the real card number was never transmitted over the
network.  The card reader and daemon would sit on your computer.  Plug
the card into the reader and then a whole checkout process would perform
the final transaction.  It never fully caught on and they stopped giving
away the card readers after a while.  I actually have one, I should play
with it and see if I can get some blank cards.

You can search for the Amex GCR415 to find out more (it's a GemPlus reader).

On 2016-02-08 07:59, Lightner, Jeff wrote:
> Bank of America also tells you you’re not liable due to their policies
> 
> However, I think using debit cards is fairly stupid anyway.   Why give random strangers (sales clerks/wait staff/online merchants) direct access to your bank account?   Even if the bank gives you back your money you may still have the hassle of having checks bounce and/or cleaning up fees for overdrafts.
> 
> I much prefer to use credit cards and pay them off every month.   If you have the discipline to do that you incur no interest charges.   You have the benefit of seeing all the charges BEFORE you pay from your bank account and can dispute any that aren’t right.  So long as an item is in dispute there is no interest on it and assuming the dispute is successful there never will be.
> 
> One of the things I really like about BofA is they have a way to generate random credit card numbers that I can use doing online purchases (or if someone says they need a  card to confirm a reservation or the like).   Even better is the BofA (ShopSafe) cards:
> 
> a)      Allow you to set a dollar limit
> 
> b)      Allow you to set the expiration
> 
> c)       Are only good at the first vendor that uses the card.  (i.e. even if that vendor gets hacked the hacker can’t use the number anywhere else).
> 
> I’ve often wondered if other Visa provider (banks) offer this service.   For a while Discover Card offered a similar service for generating random numbers but it didn’t have the third protection in above.   For some reason Discover discontinued their service though.
> 
> 
> From: ale-bounces at ale.org [mailto:ale-bounces at ale.org] On Behalf Of Jim Kinney
> Sent: Monday, February 08, 2016 10:40 AM
> To: Atlanta Linux Enthusiasts - Yes! We run Linux!
> Subject: Re: [ale] OT Ouch. Stay away from proprietary technology.
> 
> 
> Suntrust will refund disputed funds immediately on reporting a fraud charge on a debit card. Their usage security is similar to credit card - logical impossible charges based on physical distance are blocked but a quick call to security opens a legitimate charge. My cost for bogus charges is $0.
> 
> 
> 
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