But eventually, the poor soul realizes the siren is trying to tell her it's time to remove the card. The complicated scenario is when the poor soul takes the card out before the siren sounds and the reader crashes the entire register.
Then you're all stuck in line for another ten minutes. My local drugstore is a CVS, and the card readers are made by a company called Verifone. The problem also lies with the new chip technology itself.
Then, a (slightly exasperated) cashier will tell this poor soul to push the card into a slot at the front of the reader.
The poor soul will do this—and nothing will happen again, because the new chip tech is horribly slow.
high comedy, try buying something at my local drugstore.
As you wait in line with your razor blades and Softsoap, some other poor soul will swipe their credit card through the reader on the counter—and nothing will happen, because it's one of those new chip cards designed for better security.
Using a debit card with the credit option carries some risks.
Depending on your bank, you may accidentally overdraw using the card and end up paying a large fee; some cards will not let you use the card if there is not enough money in the account.
If your debit card number is stolen, and someone uses it fraudulently, you lose money from your account right away.
The irony is that we're supposed to be living in a period of great innovation for the payments industry, what with services like Apple Pay and Android Pay, which let you instantly pay for stuff with your smartphone. That changed on October 1, when Master Card, Visa, Discover, and American Express shifted responsibility onto stores and banks that hadn't made the switch to the new (and ostensibly more secure) EMV chip technology.
In fact, most of the new chip card readers can also handle the near-field-communication, or NFC, technology used by Apple Pay and Android Pay. The popular press portrayed this as the "deadline" for the move to EMV. Another two or three years will pass before everyone makes the switch."The liability shift happened, and then it became a business decision for business.