Comments on: A RevolutionCard That’s not so Revolutionary after all http://www.thesunsfinancialdiary.com/personal-finance/a-revolutioncard-thats-not-so-revolutionary-after-all/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Lone Wulfhttp://www.thesunsfinancialdiary.com/personal-finance/a-revolutioncard-thats-not-so-revolutionary-after-all/#comment-42212 The Lone Wulf Sat, 26 Apr 2008 17:30:25 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/a-revolutioncard-thats-not-so-revolutionary-after-all/#comment-42212 It isn't the individual features that makes the cards "more secure." It's the combination of these features. First off, Have you used a credit card that you haven't signed? Almost no one checks to verify the signature. If the card uses a PIN, it MUST be used in order to complete the transaction. If you lose a regular card, it has your name and account number on it, purchases can still be made, and a PIN can be guessed, most people use something like a wedding anniversery or a birthdate, things easily searched on the web if you know how. However, with the RevolutionCard, since the name isn't on it, there is no easy-guessing of the actual PIN, because you don't know who owns the card, only the owner does. As for a restaraunt, if you were to write the PIN down, it is only effective if the person has the card. Since there is no account number to write down, there is nothing to steal, except the card, and you would notice when the card never came back. If more retailers pick up on this, I can say that this is a step in the right direction until smartcards are more acceptable. It isn’t the individual features that makes the cards “more secure.” It’s the combination of these features. First off, Have you used a credit card that you haven’t signed? Almost no one checks to verify the signature. If the card uses a PIN, it MUST be used in order to complete the transaction. If you lose a regular card, it has your name and account number on it, purchases can still be made, and a PIN can be guessed, most people use something like a wedding anniversery or a birthdate, things easily searched on the web if you know how. However, with the RevolutionCard, since the name isn’t on it, there is no easy-guessing of the actual PIN, because you don’t know who owns the card, only the owner does.
As for a restaraunt, if you were to write the PIN down, it is only effective if the person has the card. Since there is no account number to write down, there is nothing to steal, except the card, and you would notice when the card never came back.
If more retailers pick up on this, I can say that this is a step in the right direction until smartcards are more acceptable.

]]> By: Kim Hhttp://www.thesunsfinancialdiary.com/personal-finance/a-revolutioncard-thats-not-so-revolutionary-after-all/#comment-41751 Kim H Mon, 31 Mar 2008 23:35:58 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/a-revolutioncard-thats-not-so-revolutionary-after-all/#comment-41751 Wait until you call customer service! Then you will know why it's revolutionary! yOU WILL BE ON HOLD FOR ABOUT AN HOUR! Wait until you call customer service! Then you will know why it’s revolutionary! yOU WILL BE ON HOLD FOR ABOUT AN HOUR!

]]> By: Ahttp://www.thesunsfinancialdiary.com/personal-finance/a-revolutioncard-thats-not-so-revolutionary-after-all/#comment-41750 A Mon, 31 Mar 2008 23:34:47 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/a-revolutioncard-thats-not-so-revolutionary-after-all/#comment-41750 The semi-custom interest rate and low merchant fees are interesting.But how does the pin work if you are, say, paying for a restaurant meal? When the server comes to take the card, how do you convey pin number (esp if you want to keep it secret)? Or can you not use the card in restaurants? The semi-custom interest rate and low merchant fees are interesting.

But how does the pin work if you are, say, paying for a restaurant meal? When the server comes to take the card, how do you convey pin number (esp if you want to keep it secret)? Or can you not use the card in restaurants?

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