Reduce the risks for car fraud in the DR!!!!

PICHARDO

One Dominican at a time, please!
May 15, 2003
13,280
893
113
Santiago de Los 30 Caballeros
All banks in the DR are adopting the long standing EMV (Europay MasterCard Visa) Chip card.

This new cards with the chips, will allow you to shop with confidence that your card will be hardly, if ever, cloned and your data will be secured in all transactions.

Clone\ing the chip is very difficult, because the encrypted data stored in its interior.When paying with a smart card in a store, it generates a cryptogram unique information stream which protects data traveling through the payment system to be validated on a central server and authentication of the transaction.

In addition to providing greater security, this technology saves time and avoids inconvenience to customers, because they will not have to enter their PIN to pay in shops. This PIN will only be required in cash withdrawals through ATMs.
Also, this new plastic incorporates added functionality over traditional cards, allowing its use in online purchases or home purchases and also offers the option of issuing additional cards with different limits to the principal.

BPD-tarjeta_thumb.jpg


showimage.php
 
Last edited:

PICHARDO

One Dominican at a time, please!
May 15, 2003
13,280
893
113
Santiago de Los 30 Caballeros
By 2013 new regulations from all major credit labels (Mastercard, Visa, American Express, Discover, JCB) will burden directly the banks which fail to provide all their debit/credit card holders for any fraud carried out on electronic transactions. No longer will be cardholders held liable for unauthorized charges.

At the same time, in store card transactions MUST be recorded by means of video or still photos of the clients during the transactions.





 

windeguy

Platinum
Jul 10, 2004
42,211
5,966
113
Kind of nice to know that someone will be photographing you every time you purchase something with a credit card.
Good business for the camera vendors as well.
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
13,280
893
113
Santiago de Los 30 Caballeros
Kind of nice to know that someone will be photographing you every time you purchase something with a credit card.
Good business for the camera vendors as well.


That's to also cut the card holder's fraud as well! Some of the fraud that goes on with on-site credit sales which later are claimed as lost or stolen, happens to be carried out by card holders!

By keeping an image record of the person carrying out the transactions, they can cancel out card holder's fraud by 99%...

Same for inside work by employees or staff!

Nothing new, only that it will become mandatory in those cases! Or else the charge back will be permanent!

And still images means cameras that take snaps of the area during a transaction, instead of filming a video. It creates a record that's imprinted with the transaction carried out.
Not that a person will point and click at you!
It's also OLD technology!
 

Mauricio

Gold
Nov 18, 2002
5,607
7
38
So, when my card is stolen it can be used in a store without any problem, while no PIN is required anymore?

I my homecountry they are using these chips since some years, but you still need to introduce your PIN
 

SantiagoDR

The "REAL" SantiagoDR
Jan 12, 2006
5,808
948
113
... and the problems with using your credit card here has been the employees of the "CARD PROCESSING" company being the source of the credit card fraud.
 

william webster

Platinum
Jan 16, 2009
30,247
4,329
113
... and the problems with using your credit card here has been the employees of the "CARD PROCESSING" company being the source of the credit card fraud.

Back to the photo.
If you are not photo'dmaking that purchase, you didn't make it.

The processing employee is taken out of the picture -- literally. !!
 

SantiagoDR

The "REAL" SantiagoDR
Jan 12, 2006
5,808
948
113
Back to the photo.
If you are not photo'dmaking that purchase, you didn't make it.

The processing employee is taken out of the picture -- literally. !!

.. and that will stop the crook from still doing it?????

He WILL wear a disguise (Maybe).

After the fact, the thief does NOT care if the fraud is detected, HE IS LONG GONE!!!!!!!!!!!!
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
13,280
893
113
Santiago de Los 30 Caballeros
Back to the photo.
If you are not photo'dmaking that purchase, you didn't make it.

The processing employee is taken out of the picture -- literally. !!

That's the case when people who claim not to have done the shopping themselves are recorded on camera doing it.

The employee or staff can only go as far as to fake having ID the card holder to prevent fraud, but the images will tell how it went down and as usual it's a repeated scam in action. Criminals are fools for the most part!
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
13,280
893
113
Santiago de Los 30 Caballeros
.. and that will stop the crook from still doing it?????

He WILL wear a disguise (Maybe).

After the fact, the thief does NOT care if the fraud is detected, HE IS LONG GONE!!!!!!!!!!!!

So you go shopping with a disguise? What are the odds that it will be more suspicious to the staff/salesperson than not?

Card fraud is more on the stolen data, unauthorized use, stole card stream than what many here are thinking about.

The more sophisticated the camera system, the better odds under the new regulations to come, for vendors to cut charge backs.
 

william webster

Platinum
Jan 16, 2009
30,247
4,329
113
I don't think Dr. Santiago understood the original premise.... the liability issue and why this is being implemented.
 

donP

Newbie
Dec 14, 2008
6,942
178
0
Car Fraud?

Reduce the risks for car fraudin the DR!!!!

Nice photos as always, PICHARDO.

However, I am still wondering what all this has to do with car fraud... :laugh:

Yes, I know:
Blah, blah.... Batata, batata. :p

donP