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Comment: Re:Aren't retailers going to be upgrading anyway (Score 1) 62

by bluemonq (#49093241) Attached to: Samsung Takes On Apple Pay By Acquiring Mobile Wallet Startup LoopPay

Your card is not a chip and PIN but a chip and signature card. If it's a low-value transaction, then simply dipping may be enough (just like tap-to-pay cards), but if the value is high enough you will be required to sign for it rather than enter a PIN.

Comment: Re:Well... no. (Score 3, Informative) 126

by bluemonq (#48305685) Attached to: Flaw in New Visa Cards Would Let Hackers Steal $1M Per Card

Even if the transaction is 999,999.00 euros, the point remains: in all likelihood that transaction would be over the limit of 99.999% of all credit cards out there.


"Since the transaction is done offline without going through a retailer’s point-of-sale system, no other security checks are done."

How do they get at the money, however much it is, without passing it through the payment network at one point or another? It's not like there's only one check done when the card is tapped.

Comment: Re:We have to pass it to find out what's in it! (Score 1) 219

by bluemonq (#48295255) Attached to: Is Public Debate of Trade Agreements Against the Public Interest?

"Simple" enough when you're talking about what is clearly unrelated legislation, but the problem then becomes where to draw the line between "related" (example: how to fund whatever program you're trying to pass) and "unrelated", and who has the power to draw that line.

Comment: Re:BART (Score 2) 125

by bluemonq (#45498015) Attached to: Failed Software Upgrade Halts Transit Service

> 30 years later they extended to one of them but you still have to transfer to a bus for the last mile on another.

Pity you didn't have a spare $100 million a couple decades ago. I'm SURE you'd have been willing to pay for it, right? The extension to SFO wasn't built until recent times because back in the '60s San Mateo County quit the BART project, and the money wasn't around until the tech bubble started growing; ground was broken in 1997. The Oakland extension wasn't started until recently (opens in 2014) because again, there wasn't any money for it. The only reason it's getting built now is because Feds are footing a good chunk of the bill. OAK wasn't even all that popular an airport until last decade, after their renovation.

Comment: Re:BART has drivers. (Score 4, Interesting) 125

by bluemonq (#45497965) Attached to: Failed Software Upgrade Halts Transit Service

You've almost certainly never ridden BART, much less seen the driver's cab. Why do I say this? Because there's a section of the BART system (the Oakland Wye, bane of commuters who want to get anywhere during rush hour) where drivers are instructed to go to manual control, limited to 25 MPH. It's the result of your vaunted "automated" system designed in the '60s never having worked properly in the past 50 years, and one of the contributing factors to a crash in 2009 (thankfully no one was seriously injured). There are many well-documented incidents of entire train sets disappearing from the computer system, as well as "ghost" trains randomly appearing.

Here is what an actual BART cab looks like:

How come financial advisors never seem to be as wealthy as they claim they'll make you?