WHY ASK FOR ID???

[GEORGE]

PayPass Rules Wed, Jul 1, 2009

By Jennifer Dewalt, CardTrak.com

The bandwagon for making "tap 'n go" payments with your credit card is growing day-by-day worldwide. For example, the number of "MasterCard PayPass"-enabled cards and devices has soared by 62% over the past year after more than doubling in 2007. The number of global merchants accepting the contactless payment option has grown by 46% during the same period. As of March 31st there were 55 million "MasterCard PayPass" cards and devices in use worldwide, compared to 28 million one-year ago. At mid-year 2009 it is estimated there are 60 million "MasterCard PayPass" cards and devices, compared to 37 million for mid-year 2008 and 17 million for mid-year 2007. As of March 31st there were 146,000 global merchants accepting "PayPass." MasterCard reports that the top merchants that have received a visit from a new customer because of their "PayPass" acceptance include quick-service restaurants (20%), pharmacies (17%), and supermarkets (13%). A 2009 survey found that 77% of consumers that have a "PayPass"–enabled card or device use it as their primary form of payment, which demonstrates its ability to bolster relationships for financial institutions with cardholders.

 

PAYPASS CARDS/DEVICES

1Q/08: 28 million

2Q/08: 37 million

3Q/08: 44 million

4Q/08: 50 million

1Q/09: 55 million

Source: CardTrak (www.cardtrak.com)

 

http://www.cardtrak.com/news/2009/07/01/paypass_rules

[Continental]

CREDIT CARD SIGNATURE IS ALL THE ID NEEDED

 

When you pay for merchandise with a Visa card, MasterCard, or American Express any store that accepts these cards should accept yours too, no questions asked. It's part of the deal that merchants agree to when they become participating members.

 

They must check your signature and the card - electronically or by telephone - to be sure it's valid. Once the answer comes up yes, they can go ahead and charge. They can't ask you for any further identification - not a license plate number, Social Security number, proof of address, phone number or photo ID.

 

Your personal ID isn't needed because Visa, MasterCard, and American Express all guarantee payment on cards that have been properly checked. If the issuer mistakenly authorizes a sale on a bad card, it should make good. MasterCard says that merchants receive instant settlement. The contract MasterCard merchants sign specifically prevents them from asking for personal ID.

 

Unfortunately, not all merchants play by the rules. Some, apparently, haven't read them.

 

WHAT YOU CAN DO

 

MasterCard wants to hear about merchants who break their rules. Send the name and address and an account of what happened to MasterCard WorldWide 2000 Purchase St. Purchase, NY 10577 or call 1-800-300-3069. The merchant's bank will get a stiff letter, ordering it to investigate and bring the offending store into line - or pay a $2,000 fine. You may also report violations online:

 

http://www.mastercard.com/us/personal/en/c...violations.html

 

Visa enforces the same rules as MasterCard. "When we hear about a violation, we ask the bank that signed the merchant to get together with the merchant and see that the practice is stopped," Visa representative states. To report a merchant, send a letter to the bank that that issued your Visa card or call 1-800-VISA-911.

 

American Express also prohibits merchants from asking for IDs. "All a merchant is supposed to do is take an imprint, make sure the signature matches and swipe the card through the terminal, to get authorization."

[webworm98]

 

I think you are going to confuse the Moderator here. Your topic should be "Paypass" instead of "Why ask for ID" They would assume it belongs in the Visa/Mastercard policy section.

 

 

Did you realize the report also includes paypass debit cards?

Edited July 3, 2009 by webworm98

[gdtobefree]

I see where he is coming from, if you get a "bump n pass" card why should they ask for ID, it was designed for the ease and speed of paying for things.

 

I thought it was a bad idea when it came out and still do, without asking for ID do you realize how many times a day someone can bump n pass your card if they steal it?

[GEORGE]

 

I think you are going to confuse the Moderoter here. You topic should be "Paypass" instead of "Why ask for ID"

 

 

Did you realize the report also includes paypass debit cards?

CREDIT CARD COMPANIES did not intend for ID to be required to complete the sale

 

FASTER and EASIER THAN CASH/CHECK DOES NOT INCLUDE ID

 

As far as the DEBIT PART...I can see that real clear below

 

...payments with your credit card is growing day-by-day worldwide.

 

You can WIN that one since I guess some DEBIT cards offer the service

[webworm98]

I see where he is coming from, if you get a "bump n pass" card why should they ask for ID, it was designed for the ease and speed of paying for things.

 

I thought it was a bad idea when it came out and still do, without asking for ID do you realize how many times a day someone can bump n pass your card if they steal it?

 

Actually, I agree passpay/paywave bad idea.

 

Some companies do have protection from the rfid.

 

http://www.emvelope.com/

http://www.idstronghold.com/

 

Dont know if they work, dont have an rfid card.

[NeverQuietHere]

I see where he is coming from, if you get a "bump n pass" card why should they ask for ID, it was designed for the ease and speed of paying for things.

 

I thought it was a bad idea when it came out and still do, without asking for ID do you realize how many times a day someone can bump n pass your card if they steal it?

 

I had one a long time ago, when they first came out. I don't use one now. If I lost my keys and that card was on there....oooh I'd be mad! I know you can just as "easily" lose your wallet, too, but that just seems too simple.

[webworm98]

I see where he is coming from, if you get a "bump n pass" card why should they ask for ID, it was designed for the ease and speed of paying for things.

 

I thought it was a bad idea when it came out and still do, without asking for ID do you realize how many times a day someone can bump n pass your card if they steal it?

 

I had one a long time ago, when they first came out. I don't use one now. If I lost my keys and that card was on there....oooh I'd be mad! I know you can just as "easily" lose your wallet, too, but that just seems too simple.

 

Did you know, you can get a standard card size with paypass/paywave, just ask your bank. I would get one of those Rfid protection sleeves.

Edited July 3, 2009 by webworm98