$30 Instant verification stinks

[Duane Pipe]

Instant verification for sales under $30.00 has done nothing but
made the loss of our cards a big problem and I hope that my bank will
cover my losses if and when someone without my authority uses my card,
I think that it stinks
I have also heard that they are going to boost that amount to a $100.

[agb]

I have to agree, far to easy for someone to use the card if they get hold of it. Very bad move I think, and lets hope the banks are going to cover the costs if there are losses.

[kiwi]

if someone else fraudulently uses your card of course you are covered by the financial institution.

I think the convenience is a great thing

I say bravo, it also makes it HARDER for thieving pricks to get your PIN number which can really get ugly for you if you dont have to use it as often

If you thought banks checked all your signatures on cheques etc in the past you'd be badly mistaken, I know for a fact they didnt. I for years signed my cheques "donald duck" and it never got caught once.

[Duane Pipe]

if someone else fraudulently uses your card of course you are covered by the financial institution.

I think the convenience is a great thing

I say bravo, it also makes it HARDER for thieving pricks to get your PIN number which can really get ugly for you if you dont have to use it as often

If you thought banks checked all your signatures on cheques etc in the past you'd be badly mistaken, I know for a fact they didnt. I for years signed my cheques "donald duck" and it never got caught once.

Donald Duck
I do agree that its a great convenience, the lines at the checkout should move faster, so that a good thing, sometimes I have put down my basket and walked out due to being impatient
It's good to know that the bank will cover losses Darren thanks.
How's this for a scenario, I perches something in a shop where the staff are not familiar with me and then report my card as lost or stolen I can then demand the bank to credit my account, well worth the inconvenience of applying for a new card if you ask me of especially if they bump it to $100

[ving]

what the flightless bird says is true. banks never seemed to worry that i kept changing my signature every time i went in.

havnt used this system yet tho.

[dbax]

the best Idea re signatures on cards that I heard was to write "ask for photo ID" on the sign panel. No help now though, with the $30 verification limit.

[kiwi]

sure, then youre committing fraud and will go to jail - worth it ?

[Duane Pipe]

sure, then youre committing fraud and will go to jail - worth it ?

Only joking Darren, but many people would I recon

[accesser]

Do they have an opt out option if not they should

[Duane Pipe]

Do they have an opt out option if not they should

Not sure Jason I must look into that

[ricktas]

Do they have an opt out option if not they should

Of course you can, I refuse to use the instant verification.

[kiwi]

May I ask why ?

[ricktas]

May I ask why ?

Cause I worked in a bank for 14 years and I will not trust them to refund my money. At least if I do it with PIN etc, I can be reasonably sure I did the transaction. And the answer your previous question, any cheque under $10K is not checked to verify signature or other details. It is simply automatically processed and the only thing looked at is the amount.

[kiwi]

I worked in a bank for 5 years

I tend to trust my suppliers until I have reason not to

[Duane Pipe]

Of course you can, I refuse to use the instant verification.

Thanks for clearing that up Rick, Now its my turn to hold up the Q

[accesser]

Biometrics should be pushed more, I think at one stage they looked at fingerprint but then some people got worried about having that info recorded I think the days of PIN's should be numbered

[old dog]

the day is coming when everyone will be required to have some sort of electronic marker in their body. Like a micro chip I suppose. I hope that day never comes....

[Scotty72]

I don't want to have to register my fingerprint or DNA etc with Big Brother, thank you very much.

There was a time when people were scared of Orwell's Big Brother, now it seems people can't wait to invite him home.

[kiwi]

About time though that we had smart cards, friggin ridiculous having to lug around 2 kilos of plastic id cards, blue cards, medicare cards, drivers licenses etc etc etc

[Scotty72]

About time though that we had smart cards, friggin ridiculous having to lug around 2 kilos of plastic id cards, blue cards, medicare cards, drivers licenses etc etc etc

Do you really want 1 card that holds your bank, drivers' licence & health info. Do you really want the transport dept being able to peek at you bank account or, an insurance company being able to look through your medical records?

Not me. Keep them separate please.

Scotty