jimh2

It all comes down to saving money by processing credit card transactions in house. If I am not mistaken they have their own bank though it is not a traditional one. I believe they are the only customer which gives them a way to avoid the banks skim, but they still get hit with a swipe fee and 20 or so other charges for each swiped. It is amazing to look at the breakdown on my wife's business credit card processing statement. Nobody rides for free on the credit card networks. 

No politics needed at all. The complete incompetence of government does not require a bright light to find. As soon as I hear any entity say we can do it better I know taxpayer money is about to blown and it will cost more than existing solutions. It also will not perform as good, not have the functionality it needs or being even as remotely as secure. Even if you hate America the Germans are giving their solution away. 

You always take to gimme when trying to go about on your own so long as the gimme's are proven solutions. Passing on them shows complete fiscal irresponsibility. 

There is a new sheriff in town who is not a pushover. Like him or not it is the reality the EU and other governments are facing and rethinking these fines and penalties will go a long way.

I side t the new President will get this rectified. 

sflocal said:

I am so fed up with these credit card breaches. It's like they expect us to accept that these breaches are the new norm and to just be reactive instead of proactive. I always hesitate to use my credit card online always think twice about having my credit card information stored on a website.

If the option is to allow ApplePay, I always use that.

I received a replacement card (new numbers) and it was compromised at the Home Depot near my parents house. I live 5+ hours away and I had only activated the card and sat it on my desk. Somehow the card was cloned and used in person for a $7k purchase in self-checkout. Chase waived it immediately, but we are all indirectly paying for this nonsense. Seems like a PIN would cut down on this. ApplePay is a better solution and I normally use it. The exception is the Amazon Prime Visa which is a must have if you shop on Amazon. The 5% discount (or greater if you can wait a few days to get your order) is the only reason you need to have it.