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Posts by plovell

 It's actually not that hard (setting aside certain weird exceptions). Basically it means that the hurt cannot be cured by applying money. Actually that's not what they're saying. It is that the infringement by Samsung can be compensated for by Samsung paying money. They can logically reach that conclusion because Apple has licensed the patents to other companies for some compensation (money, patent usage in exchange, whatever). So if Apple has licensed to others, then the...
My understanding, which could be imperfect, is that certain parts of the chip are write-only and can't be read. So the issuing bank sets certain info into specific parts of the chip. A terminal (reader device) can request certain functions to be performed against the "secret stuff" written into the chip, but that can't be retrieved and cloned onto a new chip. Other parts of the chip can be read and written -- a PIN code can be changed, for example, on a chip+PIN...
Please don't hold your breath. What's coming is chip+signature, not chip+PIN (with a few possible exceptions). But chip+sig is a lot better than swipe cards because cloning isn't possible.
Well that makes life difficult, although I guess it depends upon the size of the "certain range". If I buy stuff at home it's not done using my phone. If I buy anything using my phone then it'll always be away from home. Shades of "who sold you that idea, then ??"
More to the point - why would they NOT do that ??
 A couple of clarifications:1. there is no "mandate" for "the end of 2015". There is a liability shift beginning in October 2015 and that's very similar to a mandate though  2. banks are on the hook for fraud after that if they haven't issued you a chip card. Again, that's not exactly a "mandate" but is close 3. merchants are liable for fraud if they don't have chip-enabled readers (and you have a chip card) 4. RFID and NFC are recommended but NOT required, as far as I...
 It's actually chip+signature in most cases (very few banks doing chip+PIN AFAIK). But you are right - mag swipe ability will still be there. But this raises a very interesting possibility. As I mentioned in an earlier post, new cards will have both chip and mag-strip. And the new readers know the difference. I speculated that it could be because of something encoded in the mag-strip but there's another possibility - the bank knows if it sent you a chip card and so won't...
Chick - I think that perhaps you may have misunderstood your bank's letter. What I think they're saying (based upon a somewhat similar one I received a while back) that that they're issuing you with a new chip card. I expect that this card will also have a mag stripe on the back. That's for two reasons: (1) many merchants don't yet have chip-card readers and many that do have them haven't enabled them yet (Home Depot - I'm looking at you), and (2)gas-pump readers aren't...
If it's just LoopPay, that's true. But the article said that it will use NFC also. If they do that, and also use EMV's tokenization (an open standard, not exclusive to Apple) then it'll be very close to Apple Pay. This will be interesting to watch :)
Fully agree. It is pitiful to hear these complaints of "States' Rights". About the big, bad Federal Gubmint trailing all over them. What the reality is that the big, bad State Gubmint has been trampling all over the rights of the cities. As has been noted elsewhere, this is like the 6th grade bully complaining about the high-schooler hitting him, when what the high-schooler was doing was stepping in to break up the bullying of the 3rd grader.
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