I'm sure there are going to be plenty of places which refuse to accept anything but an actual credit or debit card.
I mean, there's no signature to check. What do you do when 10% or more of the places you go refuse to take this?
Heck, a lot of places used to require the cashier to type in the last 4 digits of the card visually, to make sure the physical card matched the stripe. I haven't seen that in a while, but that would also be impossible with this.
Are the credit-card companies on board with this, instructing retailers to accept these?
First four? That's two-thirds of the Bank Identification Number ( BIN ), offers no security at all. After all the bank's logo is plastered over the card and reverse BIN lookup is easy.
I mean, there's no signature to check. What do you do when 10% or more of the places you go refuse to take this?
Heck, a lot of places used to require the cashier to type in the last 4 digits of the card visually, to make sure the physical card matched the stripe. I haven't seen that in a while, but that would also be impossible with this.
Are the credit-card companies on board with this, instructing retailers to accept these?