In Australia yes, but not in the US and many other parts of the world.
On Fri, May 23, 2014 at 10:53 AM, Yuval Ararat <yara...@gmail.com> wrote: > One thing missing with both solution is the chip. > Most cards these days are not even swiped but read from the chip. the > magnetic stripe will be gone soon too.. > Yuval > > > On 23 May 2014 10:26, Craig Stump <cr...@bluesix.com.au> wrote: > >> Australian-issued card transactions will only be able to be authorised >> via a PIN (unless you use contactless for under $100). Overseas cards can >> still sign (i.e. the mag reader on POS terminals will stay, but only work >> for OS cards). A firmware update will be pushed to POS terminals, and the >> terminal itself will prompt the required authorisation method. >> >> Yeah, the delay in Square launching here puzzled me too and I assume it's >> because of the mag stripe phase out. My guess is that their next iteration >> will be a device uses BLE and/or NFC - not sure how that'll work with a >> phone/ipad though... >> >> >> On Fri, May 23, 2014 at 12:37 AM, Dean Collins <d...@cognation.net>wrote: >> >>> Hi Craig, >>> >>> >>> >>> Whats the situation for visitors from other countries etc with older mag >>> stripe style cards? Will their cards still be accepted for a certain period >>> and chip and pin readers are mandatory for all retailers to have + banks >>> can only issue new chip and pin for replacement cards/customers? >>> >>> >>> >>> What sort of time frame for the roll out? >>> >>> >>> >>> I also wonder if this is why Square hasn’t deployed in Australia yet. >>> Wonder what their model is moving forward as mag stripes disappear rapidly >>> around them. >>> >>> >>> >>> >>> >>> Cheers, >>> >>> Dean >>> >>> >>> >>> >>> >>> *From:* silicon-beach-australia@googlegroups.com [mailto: >>> silicon-beach-australia@googlegroups.com] *On Behalf Of *Craig Stump >>> *Sent:* Thursday, May 22, 2014 7:11 AM >>> *To:* silicon-beach-australia@googlegroups.com >>> *Cc:* Sarah Payne >>> *Subject:* [SiliconBeach] Re: chip and pin? >>> >>> >>> >>> 1st Aug this year, chip & pin only here in AU. EMV is the standard - not >>> sure why Wocket isn't using that? >>> >>> >>> >>> Looks like a bulky version of Coin (https://onlycoin.com/ - also only >>> magstripe at this stage - v2 should be EMV) >>> >>> On Thursday, 22 May 2014 01:52:04 UTC+10, Dean Collins wrote: >>> >>> Hi Sarah, >>> >>> Uhm I'm no expert but everyone in Australia and the UK (Europe?) seem to >>> have come to a conclusive "standard" for chip and pin..... I thought >>> Australia had introduce legislation recently eliminating ALL signature >>> based mag readers by 2015? >>> >>> Still a pretty cool device though so looking forward to more details on >>> the functionality once they are released and at $150 I'm probably a buying >>> especially if it has digital password repository functionality for regular >>> websites etc built into it. (would be cooler if there was someway to pass >>> those 20 digit passwaords directly to the pc as well via radio.... V3.0 >>> maybe?) >>> >>> Hopefully Wocket 2.0 will just require a "new card" rather than "new >>> wallet" when you do decide to deploy chip and pin technology. >>> >>> >>> Cheers, >>> Dean >>> >> -- >> -- >> You received this message because you are subscribed to the Silicon Beach >> Australia mailing list. Vist http://siliconbeachaustralia.org for more >> >> Forum rules >> 1) No lurkers! It is expected that you introduce yourself. >> 2) No jobs postings. 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