I worked in a bank for 5 years
I tend to trust my suppliers until I have reason not to
Darren
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We use cash for anything under about $500.
If instant verification gets me through the check-out fast, I'm all for it.
On the other hand, around here we tend to smile and talk to each other if we have to stand in line.
Its hard enough now keeping track of transactions and balances with one card let alone combining them
When I was a first year uni student (way back when), I worked at the back office processing centre of one of the big 4. Part of my job was to process cheques. As I remember, I wasn't to even check anything under $2000 (so Rick's number of $10,000 in today's money makes sense).
I have also insisted to use a PIN at a Macca's drive through for the same reason as Rick - if I know what I did and didn't do - unless the bank can prove a PIN was entered then, it wasn't me. I don't want to get into the habit of swiping my credit card without having to at least think about it.
As for having 1 smart card for every aspect of my life. I have twice been the victim of card skimming so, I enjoy the fact I have several different cards (with small limits) with different PINs. I can't imagine if my entire life fell into the hands of a skimmer; much damage could be done.
In ye olden days, if someone wanted to rob you of your cards, they had to mug you - now they can do it via the net and you may not know you've been fleeced for weeks.
Scotty
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No, the police couldn't tell me that much but, it seems that a store clerk used some privileged info.
Fortunately, it seems s/he was an idiot and quickly got caught and confessed.
A similar thing happened to my wife - but this time, she swiped her Mastercard at a petrol station where a worker was in on a EFTPOS terminal switcheroo. Again, dumb criminal caught himself by using the new fake card at his own workplace (to put petrol in his own car).
So, imagine if one smart card accessed banks, health, licence info etc. and some smart criminal got that PIN.
Scotty