Friday January 03 2020, Gerrit Kuehn wrote to Michael Dukelsky:
MD>> I don't understand why a debit card is better than a credit card. MD>> A credit card has a PIN code either.
GK> Credit cards work without the PIN code just as they did for decades.
Really? H-m-m... Here they don't. Well, one can use it without a PIN code if he pays not more than 1000 rubles, that's around 14 euro. And this is the same with credit and debit cards. No difference.
GK> I GK> guess the issuing companies (VISA, MASTER etc.) simply pay the bill GK> for misusage from their pocket (well, they take it back from their GK> customers via fees, I guess, although at least I don't pay any fees GK> for it). It's probably cheaper for them that way than rolling out GK> decent security. When my credit card was stolen a few years ago it GK> took the thieve less than 30min to spend a couple of hundreds of Euros GK> without knowing the PIN code. At that time I hadn't even recognised it GK> was stolen. However, the credit card company simply refunded the money GK> a few days later without any hassle.
