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Am I supposed to feel good about this, Chase?

04/02/10

02:38:41 pm, by carlos

, 142 words, 684 views

Categories: thoughts

Am I supposed to feel good about this, Chase?

Today I got an email from JP Morgan Chase, which is not on my favorite list of companies at the present time, btw.

They are announcing the Blink service. Now, I need not trouble myself with cashiers, in given locations. All I need to do is show my bank debit card to this reader (not a human being, of course), and voila, my purchase is paid and my money gone from the account.

They call this secure. I don't see how.

If this "service" becomes the norm, rather than the exception, and we are no longer required to provide a password to make purchases with a Debit card, a thief can just walk away with your card, and dispense with all money on your account in a matter of hours. Before you notice the card is gone.

Am I supposed to clap???

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Artigos de autoria de Carlos de Paula, tradutor, escritor e historiador de automobilismo baseado em Miami. Articles written by Carlos de Paula, translator, writer and auto racing historian based in Miami.

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