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25 votes
Accepted

Why is EMV chip+signature gaining popularity over chip+PIN in the United States?

Krebs on Security had an excellent article on this subject in late 2014 (right as the US was starting to transition to chip-and-signature). A few initial details: US Point of Sale (POS) systems do ...
Joe's user avatar
  • 35.8k
7 votes
Accepted

Why would an insurer ask for a voided check instead of account+routing numbers to send an electronic funds transfer (EFT)?

Some companies think that some people don't know what the numbers mean on the bottom edge of the check. Therefore asking for the check means that the company can get get the numbers from the check/...
mhoran_psprep's user avatar
2 votes

You're in Ontario and are setting up Autoload on your Presto fare card. Credit or debit? Which threshold and Autoload values should you pick? And why?

I have an Auto load setting of loading for $20 if the value falls below $5. Remember this is a good option because as Presto says it will never allow your card to fall below the threshold value. And ...
Justin Samuel's user avatar
2 votes
Accepted

You're in Ontario and are setting up Autoload on your Presto fare card. Credit or debit? Which threshold and Autoload values should you pick? And why?

TL;DR: I have five main suggestions. They are in bold, below. The rest is mostly commentary. The Presto system has some quirks. The system has also had problems in the past. 1. Set up Autoload using ...
unforgettableidSupportsMonica's user avatar
1 vote

Will an international EFT reach my account even though I got the bank address and code wrong?

Maybe. Maybe not. Who knows.... Depends on so many variables. You should ask the destination bank how they'd handle it. If not though you'll be able to recover the transfer at the origin and resubmit ...
littleadv's user avatar
  • 174k
1 vote

Specifying the Financial Institution Address for a Direct Bank Transfer

It sounds like you are the sender in this transfer though you don't state that directly. If you are the sender then the form you are filling out is your bank's form and if your bank is asking for ...
D.Larson's user avatar
1 vote

Why Debit MasterCard if there is already Maestro?

Different systems have different fees for merchants. In many cases an incumbent system will typically have higher fees simply because there is no competition. Maestro also isn't used worldwide, so ...
CQM's user avatar
  • 20.2k

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