USA scenario here: say I have a $2000 car repair bill and use my debit card.
Can’t be bothered to put in my pincode so I hit credit, payment goes through without pincode.
Why does the consumer have the option to pick here?
In: Other
Where I live cards always require a PIN no matter if they’re debit or credit.
What—what is going on in the uS?
Every time I learn something about the US banking system I’m surprised. Here in the UK we can’t do this and need to use our PIN even with our dedicated credit cards. This sounds horribly insecure.
Because there was a time, not that long ago, where you could not use your ATM card to purchase things at some stores, Only cash or credit card. Thats when visa/mc dranded check cards came out.
Everyone overlooking the easy answer…
International security standards required chip and PIN for payment processing. Americans were too stubborn and/or stupid to handle that, so security was compromised in the American market to satisfy whiny Chads and Karens.
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